encryption asset panorama BTC (-6.54% | Current Price 97,088 USDT) After experiencing a period of oscillation and decline, the BTC price found support near $98,000 in the short term, followed by a slight rebound. The price is currently temporarily stabilizing around the $97,000 mark. The short-term moving averages (MA5, MA10) show preliminary signs of turning, but they are still running below MA30, indicating that although the bearish momentum has weakened, the bullish side has not yet formed an effective counterattack structure. Today, the early rapid decline accompanied by increased volume shows that panic selling is concentrated and being released; while the current rebound has a relatively limited trading volume, more reflecting a technical correction after an oversold condition. If the price can continue to stabilize above $99,500 and break through the MA30 (approximately $101,300) resistance, it is expected to initiate a new round of rebound market. Attention should be paid to whether the short-term moving averages can complete a golden cross.