BTC Four-Hour Chart, Market Analysis and Short-Term Strategy:

Current BTC price is $97,328, down 0.50% for the day.

• 24-hour high: $100,421.80

• 24-hour low: $94,150.05

• Key Moving Averages:

• MA(7)=$98,034.66 (Short-term resistance)

• MA(25)=$99,164.03 (Medium-term resistance)

• MA(99)=$97,082.24 (Long-term support)

From the chart, BTC has significantly retraced after the high of $104,088, currently trading below MA(7) and MA(25), but still close to the long-term support level of MA(99). The MACD indicator shows that DIF and DEA have formed a death cross, with green bars continuing to expand, indicating strong downward momentum.

Support and Resistance Levels

• First support level: $97,000 (MA(99) support level)

• Second support level: $94,800 (24-hour low)

• Third support level: $90,500 (Recent low)

• First resistance level: $98,000 (MA(7) short-term resistance)

• Second resistance level: $99,200 (MA(25) medium-term resistance)

• Third resistance level: $100,500 (Psychological level)

Short-Term Trading Strategy

Long Position Strategy:

• Entry point: Around $97,000

• Take profit target: $98,000

• Stop loss level: $96,500

Short Position Strategy:

• Entry point: Around $98,000

• Take profit target: $97,000

• Stop loss level: $98,500

If BTC stabilizes near the $97,000 support, it is expected to rebound to resistance levels of $98,000 or even $99,200; if it breaks below $97,000, it may further test the $94,800 or even $90,500 area.

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