Analyst: $102,000 is the key short-term support level. If it falls below, it will drop to $98,000, the "bull-bear dividing line"

On June 22, on-chain data analyst Murphy posted on social media that since March 2, the middle orange line in the MVRV extreme deviation pricing range has repeatedly served as a support level for pullbacks or a resistance level for rebounds. The current position of this line at $102,000 is particularly crucial. Theoretically, without further negative events triggering pessimistic sentiment, a short-term rebound should be supported at this level. If the support fails, it will continue to fall and test the upper boundary of the URPD chip accumulation area-B interval, which is the $98,000 level; meanwhile, $98,000 is also the average cost line for current short-term holders and is considered a stage "bull-bear dividing line".