#BTCNextMove
Bitcoin has experienced a significant drop, breaking below the $94,000 level, with a strong bearish candle on the 4-hour timeframe.
The price appears to be testing a critical support level around $93,700. If this level holds, it could act as a potential bounce point. However, a breakdown below this level might accelerate the bearish trend.

Recent price action suggests the formation of lower highs, signaling a weakening bullish momentum and the possibility of a continued correction

If the $93,700 support holds and buying volume increases, we could see a short-term recovery towards $96,000-$98,000, with potential resistance around $100,000.

If Bitcoin closes decisively below $93,700, the next likely support zones could be around $90,000 or even $88,000.

$BTC