The daily Bitcoin peaked at 10,300, but due to news impacts, it briefly dropped below 100,000, hitting a low around 98,700. The market has been consolidating and has already broken the neckline of the head. A bearish trend has formed. The MACD has also further expanded downwards. However, it is worth mentioning that short-term panic selling has emerged. As can be seen in the chart, the trend line extending from the previous low continues to rise. Recent support is also around 98,000, and there is a high probability that the market will experience some rebound. The ideal target for a retracement to the neckline position around 10,15-10,18 would be a second selling point.
Therefore, in the evening, you can try to stagger purchases at these two positions of 98,000 and 96,000. Both will provide some space.
