BTC Market Analysis🚩
The Bitcoin daily high touched 96550 yesterday before sliding down to the 92500 area, ultimately closing around 94900, supported by the MA60 moving average, providing an entry opportunity for bulls. Resistance appears near the MA7 moving average; once broken, it may extend to the MA30 moving average. The MACD indicator shows that bearish strength has increased.
On the four-hour chart, 91700 is a key support level; if lost, it may test the MA360 yearly line. From a short-term perspective, the range of 91680 to 90700 presents a good opportunity for long positions, with a rebound target expected to reach the 98000 level.
