Bitcoin suddenly surges! Will it rebound or decline in the next 24 hours?

24-hour trend analysis:

Bitcoin (BTC) is currently priced at $96,303.17, with a subtle performance in the short term, a 0.00% change making the market slightly tense. Observing the candlestick chart, the current support level appears around $95,061.97. If this support level is broken, it may accelerate downward, seeking the next support point at $94,088.23. Conversely, if the price stabilizes above the current range and breaks through the short-term resistance level of $97,483.23, a rebound is expected, testing higher price levels of $98,826.00.

Long and short game:

The strength of the bears remains strong, with the gap between the DIF line (-325.52) and the DEA line (-263.59) continuously widening. The MACD indicator shows that the bearish market has not completely dissipated and has formed a strong 'death cross' signal. Even though the RSI has slightly rebounded to 56.08 in the short term, it has not escaped the oversold area, indicating that any short-term rebound may be difficult to sustain. The current market is like walking a tightrope; once it falls below the current support level, it will enter a deeper decline.

Key support and resistance levels:

• **Support Level:** $95,061.97

• **Next Support Level:** $94,088.23

• **Resistance Level:** $97,483.23

• **Short-term Target:** $98,826.00

In the next 24 hours, can we break through the key support or resistance?

The market is currently filled with speculation, waiting and watching, continuing to wait for movement. Will you choose to enter the market or remain on the sidelines? Feel free to share your views in the comments!

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