$BTC Maintain Bullish Structure, Key Support Level is Crucial
After three consecutive days of strong selling pressure, Bitcoin's current trading price is $94,400, but it has still held the key support at $92,000. Maintaining this level is crucial as it directly relates to the ongoing upward trend. If buyers regain control of the market in the coming days, Bitcoin may experience a strong rebound, further consolidating its resilience.
Although market sentiment appears pessimistic, the recent decline has not reached the expected severity. Bitcoin's stability above $92,000 indicates that the overall market structure still possesses some strength, giving investors a glimmer of hope for future trends.
However, market sentiment remains the core factor influencing the trend. If investor confidence cannot be restored and prices continue to decline, Bitcoin faces the risk of a deeper correction. Losing the $92,000 support level could lead to further testing of lower levels and trigger greater market volatility.#BTC