First, the viewpoint: The probability of Bitcoin [declining] in the near future is relatively high. BTC is currently in a consolidation phase. The weekly MACD has formed a death cross, and the price is fluctuating between 98,000 and 100,000 USD. However, due to being at a high level and having recently rebounded too much, the probability of a downward trend is continuously increasing.

Hello everyone, I am Ou Peng. From a technical point of view, Bitcoin is facing a very critical juncture, testing the price with the most concentrated transactions in the half year (around $97,000). Simply put, this price is the "tug-of-war" zone between the long and short sides. The price is hovering here. Whoever can gain the upper hand can grasp the next trend.

If the price of Bitcoin falls below the support level of $96,000, it will be like losing the "resting point" and may quickly slide into the "chip blank area" with special prices below. The support in this area is relatively weak. Once the market gets out of control, it may fall rapidly.

If it loses, it may accelerate the downward trend; if it stands firm, there is still a chance for a subsequent rebound. $BTC