📊BTC
Support: 97900-97300
Resistance: 98800-99300
Before Bitcoin touches the first support level, it can be considered a normal adjustment. The rebound expectation can still be maintained, while attention should be paid to the trend of the 20-day moving average on the 1-hour chart. If it breaks below the first support level, it is necessary to ensure that the candlestick closes above yesterday's low (i.e., the second support level) to determine that the low point has moved up and to maintain the rebound expectation.
Today, being Sunday, can sustain the rebound expectation in the short term and look for trading opportunities. The rapid decline range can be seen as a sign of selling pressure, which might actually present an entry opportunity. $BTC
