$BTC Short-term Trend Analysis

Technical Signals:

MACD on the 4-hour chart remains in the negative zone, both lines, fast and slow, are declining, and the EMA moving averages have broken downwards, indicating a prevailing bearish momentum; however, the RSI on the 1-hour chart is close to the oversold zone (33.89), suggesting potential demand for a short-term bounce.

Key support levels are in the range of $100,000-$100,600 (concentrated area + psychological level), and a drop below this could lead to a test of $99,500; the upper resistance level is at $103,500-$105,000 (previous high resistance).