Analyst: $102,000 is a key short-term support level, a fall below this will dip to $98,000 "bull-bear boundary"

According to BlockBeats news, 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 served as a support level for pullbacks or a resistance level for rebounds. The current position of this line at $102,000 is particularly critical. Theoretically, if there are no further unfavorable information events triggering pessimistic sentiment, it should be able to gain support for a rebound in the short term at this position. If the support fails, it will continue to fall to test the upper band of the URPD accumulation zone-B, which is at the $98,000 position; $98,000 is also the average cost line for current short-term holders and is regarded as the phase "bull-bear dividing line."