$BTC Bitcoin/Tether (BTC/USDT) Chart Data, the following is a technical analysis:

1. Current Price Performance

• Current Price: 102,473.79 Yuan (approximately 735,761.81 USDT), 24-hour decline of 1.05%, located in the recent volatility range (100,837.90 ~ 103,982.64) lower half.

• Short-term Moving Average: MA(7) is at 95,619.19, above the current price, indicating strong short-term support; however, MA(20)/MA(21) (73,593 ~ 71,720) is far below the current price, which may suggest medium to long-term pullback risk.

2. K-Line and Trading Volume

• Fluctuation Range: Price fluctuation within 24 hours is approximately 3.1% (100,837 ~ 103,982), not breaking through key resistance/support.

• Trading Volume: 24-hour trading volume is 1.514 billion USDT, along with the Vol indicator (303,783 BTC) showing moderate market activity, but MA(5) trading volume is below MA(10), indicating insufficient short-term buying momentum.

3. MACD Indicator

• Signal: DIF (16,354) is above DEA (14,202), histogram positive (2,152), but the difference is narrowing, upward momentum is weakening, need to be wary of death cross risk.

4. Key Position Reference

• Support:

◦ Short-term: 95,574 (recent low)

◦ Medium-term: 73,000 ~ 71,000 (MA20/21 overlapping area)

• Resistance:

◦ 103,982 (24-hour high)

◦ 116,805 (previous high shown on the chart)

5. Comprehensive Judgment

• Short-term: Weak fluctuations, if it breaks below 95,574, it may accelerate downward.

• Medium to Long-term: Need to observe if MA7 is maintained, if stabilized above 102,000 or retest resistance.

Suggestion: Currently, it is not advisable to chase the rise, short-term traders can focus on the 95,000 ~ 103,000 range for operations, while medium to long-term waits for clearer trend signals.

(Note: The above analysis is based on static data, real-time market conditions may change, please combine with the latest information for decision-making.)