Analyst: $102000 is a short-term key support level, falling below the 'bull bear boundary' that will lower to $98000

BlockBeats news, on June 22nd, on chain data analyst Murphy posted on social media that since March 2nd, the middle orange line of MVRV's extreme deviation pricing range has repeatedly become a support level for pullbacks or a resistance level for rebounds. The current location of the line at $102000 is particularly critical. In theory, without further negative events triggering pessimism, there should be short-term support for a rebound at this position. If the support fails, it will continue to decline and test the upper limit of the URPD chip accumulation area - B range, which is the $98000 level; And $98000 is also the average cost line for current short-term holders, and is seen as a temporary 'bull bear boundary'.