BTC Morning Analysis: #BTC☀️

Last night, Bitcoin experienced a significant drop after a small-scale rally, with a large bearish candle hitting a low around 100500, followed by a rebound to 101700.

The decline of Bitcoin caused ETH and other altcoins to weaken in sync, with a key focus on the support level at 100000.

The MACD's fast and slow lines on the 4-hour chart crossed below the zero axis for the second time, with the histogram continuing to expand, and the daily MACD showing a high-level bearish divergence before crossing downwards. The 4-hour RSI touched the oversold boundary but has not yet flattened out.

Trading Advice: Focus on the short term; in the coming days, Bitcoin may still experience a range-bound market. Whether taking short positions at high levels or long positions at lows, take profits and don't be greedy!