Today's BTC market analysis:


On July 2, the market has already broken below the support level near 106,000 USD during the day, and in the evening, it may attempt to break down to the support level around 104,000 USD again.
From the 4-hour K-line perspective, the MACD histogram remains negative and is gradually lengthening, indicating strong bearish momentum. However, the KDJ indicator is neutral, with a value of 27, showing no obvious golden cross or death cross signals.
Support and resistance levels: For the intraday level, attention can be paid to the support in the range of 103500-104500, and the resistance is in the range of 106000-106800 USD.
The analysis suggests that the price is currently fluctuating near the middle band of the Bollinger Bands, and it may test the lower band in the short term. If it breaks below the key support level, there is a high likelihood of a downward movement.
#Today's Market Analysis $BTC
BTC-0.98%
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