#市场调整後的机会？
The price of Bitcoin continues to decline. Bitcoin (BTC) has entered a downward trend again, with the price falling below the $105,000 range. Currently, this cryptocurrency has seen nearly a 5% loss and struggles to stay above the critical $100,000 support level. Key Support and Resistance Levels Bitcoin failed to break through the resistance at $108,000 and subsequently fell, breaking the support level at $102,500 and even dropping below $100,000. Currently, BTC is consolidating around a loss of $98,728, with a bearish trend line visible on the hourly chart, indicating resistance near $102,000. Prices are trading below $104,000 and below the 100-hour simple moving average.
Potential Upside Scenario If Bitcoin starts to recover, it may encounter resistance at these levels: $100,500: close to the 23.6% Fibonacci retracement level of the recent decline. $101,000: a key level associated with the trend line. $102,250: breaking this level could lead to a rise to $103,500, aligning with the 50% Fibonacci retracement of the downward movement. If the bulls gain momentum, prices could further rise to test the resistance at $106,000. Risk of Further Decline If Bitcoin fails to break through the $101,000 resistance area, it may continue to move downward. Key support levels include: $98,500: immediate support. $98,000: important support level. $96,200: the next key support area. Further losses could push the price down to $95,500. Technical Indicators Hourly MACD: gaining momentum in the bearish zone. Hourly RSI: below 50, indicating that sellers are dominant. Key support level: $98,000, followed by $96,500. Key resistance levels: $101,000 and $102,000. Bitcoin is currently consolidating its losses, and while a short-term rebound is possible, further declines remain likely unless the bulls can break through key resistance levels.