#COSSocialFiRevolution
Bitcoin’s resistance at $96,000 is a critical barrier driven by heavy profit-taking and psychological pressure near the $100K milestone. A failure to break this level could lead to a correction toward the $85,000 support zone, which aligns with historical accumulation and Fibonacci retracement levels. During this decline, traders should be wary of stop-loss hunting, where large players trigger sell stops below key levels (e.g., $90K) to create liquidity for their buy orders. This artificial price drop often results in a sharp rebound once weak hands are shaken out. Setting conservative stop-losses and monitoring market depth can help mitigate this risk.