Bitcoin Small Drop, Clone Waterfall, Is the Market at Its End?

On April 25, 2023, the price dropped to the support level near 94,800 in the afternoon, and currently, it is consolidating at the bottom. In the short term, pay attention to the 94,600 level; as long as it doesn't break below, it should be fine. A break and retest could increase the pressure, with the possibility of dropping below 93,000 or around 90,000. Keep an eye on the core levels.

It has been mentioned before to watch for Bitcoin's pullback; once this significant adjustment traps at a high level, it may take at least 1-2 months to break free. However, considering the time, it's not too long, and spot traders are relatively calm. For contract traders, please don't hold onto losses.

For short-term trading, you can pay attention to Bitcoin; if it breaks below 94,700, a rebound back above could still allow for a short position entry. If the short position rebounds but fails to rise, remember to exit; don't get trapped.