$BTC Key Points

Support Level: $100,000 - $101,000 (Multi-period EMA support)

Resistance Level: $104,000 - $105,000 (Previous high dense trading area)

Short-term Volatility Range: $102,200 - $104,500 (Intraday high-frequency fluctuations)

Technical Pattern

Daily Level: Still in an upward channel, but KDJ indicator shows a high-level death cross, RSI has fallen to 58, short-term may have a need for a pullback.

4-hour Level: EMA12 and EMA50 form a death cross pressure, MACD green bars are expanding, bearish momentum is dominant.

Policy Risk: Upgrades to the U.S. crypto regulatory framework or exchange compliance reviews may trigger selling pressure.

Technical Risk: If the 4-hour MACD underwater death cross expands the decline, it may trigger programmed stop-loss orders.

Data Warning: U.S. retail sales month-on-month data will be released on May 15, if the data is strong, it may suppress risk assets.