BTC Market Analysis: Strong Rebound After Hitting Bottom at Dawn, Key Resistance Level Determines Bullish or Bearish Direction. BTC Quickly Rebounded After Reaching $102,500 at Dawn, Indicating Strong Short-Term Bullish Momentum, with the Day's Trend Remaining Strong. Key Focus Now is the $105,000 Resistance Level - If It Cannot Be Effectively Broken, There May Be Another Downward Movement from Afternoon to Evening.
Short-Term Support: Watch the $101,500-$102,200 Range on a Smaller Scale; Key Daily Support: The $100,000 Level is the Watershed for Bullish and Bearish Trends. A Break Below This Level Will Disrupt the Consolidation Pattern, Potentially Opening Up Further Downward Space to the $96,000-$98,000 Range.
