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- #Gate Ranks Top 4 Exchange#
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Analyst Murphy: BTC may find support at $102,000 for a Rebound, with $98,000 being the key bull-bear dividing line.
On June 22, on-chain data analyst Murphy posted on social media that since March 2, the middle orange line of the MVRV extreme deviation pricing range has repeatedly become the support level for pullbacks or the resistance level for rebounds. The position of this line at $102,000 is particularly critical. Theoretically, if no further unfavourable information triggers pessimistic sentiment, support should be obtained at this position for a rebound in the short term. If the support fails, it will continue to fall and test the upper band of the URPD accumulation area-B range, which is at the position of $98,000; and $98,000 is also the average cost line for current short-term holders and is regarded as the stage "bull-bear dividing line."