The recent price of Bitcoin (大饼) has shown a trend of overall oscillation and downward movement, fluctuating near the middle band of the Bollinger Bands. Price action indicates that the market is trying to find direction.
The price has been under pressure from short-term moving averages, showing significant upward pressure, approaching the key support level of 92848.1 and resistance level of 95852.1. The market seems to be waiting for a breakout.
In the short term, the price of Bitcoin may continue to be influenced by bearish pressure, moving towards the key support level of 92848.1.
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