The Truth Behind BTC's Sharp Drop of 6.5%: A Double Blow from Large Holders Selling and Chip Pressure

Last night, BTC plummeted by 6.5%, retracting over 6460 points. According to chip peak signals:

BTC failed to successfully break through the chip pressure at $98,580, while Binance spot large holders sold $11.03 million at $98,500. After forming a shooting star pattern in a 90-minute cycle, it peaked. Subsequently, when it tested the chip peak at $96,010, it was unable to hold, and under the influence of the chip vacuum zone, it accelerated to break below $93,000.

Currently, BTC is testing the chip support at $94,340, which needs to be closely monitored. If it holds, it may attempt to rise to $96,010, with support below at $92,000.

Role of chip peaks:

① Support: Located below the price; if support holds, the price rebounds; if it breaks, the market accelerates downward;

② Pressure: Located above the price; if pressure holds, the price retraces; if it breaks, the price accelerates upward. Data is for reference only and does not constitute any investment advice!

Only by seeing the footsteps of the main force can one grasp the fate of trading!

Only by penetrating the fog of information can one decode the wealth of trading!

Only by understanding the language of capital can one win the wealth of capital!

Only by dancing with the big players can one achieve explosive wealth in cryptocurrency!

Follow Crypto Finance: Be an insightful and deep trader! Finally, I wish you continuous success on your trading journey $BTC $ETH $SOL #比特币盘整分析 #比特币关键区间 #BNBChain生态MEME币发力