Studying BTC supports
We can see that it is currently trading in the 104k zone (purple). The MACD's bullish moving average is clearly moving below the bearish one. Considering that the current movement has broken through the trend line (see white diagonal on the weekly trend chart), it is quite likely that even if it holds this support for a while, Bitcoin's move will head towards the 94k zone (yellow). We have a candle shadow that practically crossed the entire 104k zone, and the MACD's moving averages are looking for their centers. Add to this the fact that the EMA (100) is also moving around the 95k level, just above the next support zone at 94k (see EMA chart).
Remember that price will always seek its moving average, whether it goes up or down. The further it moves away from its moving average, the more likely a change in that direction is imminent.
