Analyst: $102,000 Key Support Level in the Short Term, Potential Dip to $98,000 "Bull-Bear Line"

BlockBeats News, June 22nd, On-chain data analyst Murphy posted on social media, saying that since March 2nd, the middle orange line of the MVRV extreme divergence pricing range has repeatedly served as either a support for pullbacks or a resistance for rebounds. The current position of this line at $102,000 is particularly crucial. In theory, in the absence of further bearish events triggering pessimism, a short-term rebound should be supported at this level. If the support fails, the price will continue to decline to test the upper limit of the URPD chip accumulation zone-B range, which is the $98,000 level; $98,000 is also the average cost line for current short-term holders and is considered a temporary "bull-bear line."