From the latest 71247870104/USDT daily chart, the price has retreated from the previous high of 111,999 USDC and is currently operating below the middle band of the BOLL, with short-term bullish momentum significantly weakened.

1. Technical Structure Observation

• BOLL Channel: The Bollinger Bands are starting to converge, and the price has fallen below the middle band (approximately 105,604), with short-term support looking towards the lower band at 97,328. If this level is lost, there will be further downside potential.

• MA Moving Average System: MA5 has crossed downwards below MA10, indicating a short-term bearish trend, and caution is needed for inertia selling pressure.

• MACD Indicator: The fast and slow lines have crossed downwards, and the histogram has turned green continuously, indicating an increase in bearish momentum, with no bottom divergence signal yet.

• RSI(6): Currently at 38.1, in a weak zone but has not yet reached oversold (30) — indicating that although it is weak in the short term, a technical rebound cannot be ruled out.

• KDJ: K value 26.1, J value 22.1, maintaining a downward trend, overall rhythm is bearish.

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2. Capital and Transaction Observation

• The trading volume shows characteristics of a significant decline, indicating that some profit-taking and high-position speculative positions are retreating;

• The bullish counterattack is weak, and the trading volume has not supported the rebound, indicating a lack of consensus in the market.

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3. Future Market Prediction (Strategy Suggestion)

• If the 97,000~98,000 range provides effective support, a technical rebound may occur, targeting the middle band at 105,000;

• If this support is lost, the possibility of a drop to the 89,000~90,000 range increases;

• Suggestion: It is not advisable to chase short positions or blindly bottom-fish at this stage; focus on the formation of bottom divergence signals at the daily level before considering speculative opportunities.

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📝 Summary

BTC is currently at a critical turning point in the trend, leaning bearish in the short term, and attention should be paid to whether the lower band support is effective. Stay patient and wait for the indicators to resonate and for volume signals to appear, as this is a more prudent approach.