BTC Market Analysis🚩

Affected by yesterday's market news, the BTC daily chart showed a significant decline, dropping from a peak of around 106500 to a low of nearly 100000, with a final closing price close to 100200. The current support zone is near MA30, providing an opportunity for bulls to cover. The upward resistance is seen at the MA7 moving average; once broken, it may test the 104500 area. The MACD indicator shows an increase in bearish strength.

On the four-hour chart, MA120 constitutes short-term support, and if lost, it may test MA200. It is recommended to buy on dips in the range of 100100 to 99100, with an expected rebound range of 102800 to 106500.