$BTC

BTC Daily Analysis: Mild Fluctuations, Clear Short-term Pressure, Key Support at 102,500!

Current BTC Price around 104,600, the daily trend shows mild fluctuations compared to yesterday, with clear short-term pressure. The strong resistance level above is at 107,500, where sell orders are piled up, making it difficult to break through;

The buy orders below are concentrated at 102,500, forming recent support; if it breaks below, pay attention to the psychological level of 100,000.

The good news is that there has been no significant drop in volume, with relatively light selling pressure, and market sentiment remains stable. The key level to watch today is the support at 102,500; if it stabilizes around this level, consider gradually building positions;

If it rebounds and is blocked at 105,500 (24-hour high), consider reducing positions to lock in profits.

From a medium to long-term perspective, as long as 102,000 (60-day moving average) holds, the upward trend remains intact, and there is no need for panic in holding positions. However, if it breaks below 102,000, be wary of the risk of a deep correction.

Trading Suggestions: Short-term: If it stabilizes around 102,500, consider gradually entering; if it fails to rise above 105,500, consider reducing positions. Medium to long-term: As long as 102,000 is held, the trend is safe; exercise caution if it breaks below.