$BTC

BTC Price Analysis: Key Support and Rebound Expectations Are Imminent!

BTC's recent trend has been a bit tedious, failing to stabilize above the $100,000 mark, and short-term bulls are starting to cash out. The drop on January 7 pulled the price below the moving average, which may lead to a critical battle between bulls and bears. Let's go through the details to see where the opportunities lie!

Moving Average Pattern: Two moving averages are slightly downward, and the RSI is slightly below 50, indicating that the strength of the bulls is weakening.

Support Level: Currently, $90,900 is the key support point, and the bulls need to hold their ground here; otherwise, the bears will take advantage.

Moving Averages: If the bulls can break through the moving averages, it may open up a rebound space to $102,725 or even $108,353 (historical high).

$102,725: Short-term target resistance level.

$90,900: The key defensive line in the recent bull-bear contest that the bulls must defend!

$85,200: A breakdown below this level may trigger a deeper correction, and the short-term trend will turn bearish.

Currently, $90,900 is the key battlefield for BTC, and whether the bulls can reverse the situation will directly determine the subsequent trend. Brothers, in this volatile market, do not blindly chase high or bottom fish; wait for signals at key levels before acting, and the opportunity to make money is right here! Wish everyone a successful rise!