#BTC

BTC Market Analysis:

The big coin has finally made a pullback adjustment, coinciding with the announcement of tariff reconciliation between China and the US yesterday, after reaching a high point it began to pull back! The lowest point at night fell to around 100600, and the current price is around 102000!

Regarding the trend: After the positive news reached a high point yesterday, the current chart indicates that it has also broken below the small-scale upward trend line. However, the Fibonacci retracement line around 102000 is still providing valid support and is currently running nearby. We should pay attention to whether it will be effectively broken below!

If an effective break occurs, then the 100000 level may not be maintained. Considering the overall trend, it may pull back to the lower Fibonacci retracement line around 96000. At the same time, it is important to note the gap area on the CME chart: around 91800!