$BTC #比特币哈希率创新高 The price comparison surged to the 102500 level at midnight on Monday, then retraced again forming a range of fluctuations. Currently, the market has fallen below 101700, but has not been able to extend the decline to 101500. As long as the support at the bottom of the fluctuation range holds, it will still be treated as a fluctuating market in the short term.
From the perspective of the four-hour level, the K-line is still processing fluctuations near the upper track, and the situation still needs to be corrected. There are signs of divergence at the top appearing on the MaCd energy bars, and there are also obvious signs of a death cross. Based on the current horizontal consolidation and adjustment rhythm, the market will not provide too much of a pullback. It should be treated with the concept of converting tops and bottoms, with the 100,000 mark being the strongest support at present. In the morning, there was a spike attempting to break through the upper track resistance, but the bearish energy was clearly insufficient and did not show continuation. As long as the bottom at 101500 holds, positions can be built around this point, following the main trend.