Bitcoin, Ethereum, and Dogecoin further declined, with cryptocurrency liquidations exceeding $1 billion: Analysts predict BTC may lose the $96,000 support level🔥🔥🔥

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What happened:

- Bitcoin retraced after rising to $102,000, falling below $96,000 for the first time in over a month.

- Ethereum briefly rose above $3,700 but fell below $3,400 in the afternoon, down over 11% this week.

Market sentiment and trading:

- Bitcoin open interest plummeted by 4.24%, spot prices fell.

- The cryptocurrency fear and greed index shows a weakening “greed” sentiment in the market.

- Binance traders' long positions increased to 61%, with short positions at 38%.

Cryptocurrency gains:

- MOVE +21.14%, price $0.7626.

- BGB +6.55%, price $4.46.

- Mantle (MNT) +6.50%, price $1.17.

US stocks and bond yields:

- The benchmark 10-year Treasury yield rose to 4.55%, the highest since May 30.

- The Dow Jones Industrial Average ended a 10-day decline, slightly up 0.04% to 42,342.24 points.

- The S&P 500 and Nasdaq Composite indices fell by 0.09% and 0.10%, respectively.

Opinions:

- Bitcoin fell below the weekly support level of $97,800, reversing a five-week uptrend and entering a correction phase.

- If Bitcoin loses the $96,000 support level, it may fall further to $90,000 and $85,000.

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