#BTC dropped to $95,000 ... Big Dump in Market ..
$BTC Price Analysis: Approaching Critical Support.
$BTC is trading at $94,893.72, down by 6.82% in the last 24 hours. After touching a 24-hour high of $102,800, the price has slipped to a low of $94,682, reflecting persistent selling pressure.
Key Levels to Watch:
Support: $93,440 – A breakdown below this level may push $BTC towards $91,000.
Resistance: $98,650 – Reclaiming this level is crucial for any bullish momentum.
Trade Setup:
Entry Point: Around $94,893 for a cautious rebound play.
Targets:
1. $98,650 (short-term recovery)
2. $102,000 (major resistance zone)
Risk Management:
Stop-loss: $93,400 to minimize potential losses.
Market Insight:
$BTC’s sharp decline signals a bearish trend, but with significant volume, a short-term bounce near key support levels is possible. Monitor closely for any reversal signs before taking aggressive positions.
