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BTC midday analysis


The current BTC price is 101618.76 U, with a slight decrease of 0.29% during the day, showing a small fluctuation, and is overall in a phase of oscillation and recovery.

Core technical signals
- Moving Average Trend: The 7-day moving average is 101602.86 and is close to the price, while the 30-day moving average is 102422.34 and is above the price, showing a short-term weak fluctuation and a medium-term bearish pattern.

- The current trading volume is 2.1539 million, which has明显 shrunk compared to the previous period. Combined with the price consolidation, it indicates that both bulls and bears are temporarily in a stalemate, and market sentiment is cautious.

- Support/Resistance: Short-term support is in the 100000-101000 USDT range (previous low), resistance is at 102000-103000 USDT (30-day moving average pressure).

- Recently, the market's risk aversion sentiment has increased, putting pressure on cryptocurrencies as high-risk assets, with weak rebound momentum;

It is recommended to trade with light positions within the range of 101000-102000, strictly using stop losses.
Wait for the price to effectively break above 102000 or fall below 100000 before positioning accordingly. #广场发币瓜分千U奖池
BTC1.61%
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