150,000 people liquidated! Bitcoin's sharp drop has ended the washout, the time to buy the dip has arrived!

Bitcoin recently plummeted to the 92k line, quickly rebounding back above 94k, indicating that the 92k-94k support is solid and difficult to break in the short term. This intense sell-off by the market makers not only cleared out high-leverage positions but also caused over 150,000 people to be liquidated, leading to an immediate freeze in market sentiment.

From the trend analysis, this washout is likely preparing for the upcoming market movement related to Trump's inauguration. The support below is clear, and after a short-term sentiment repair, Bitcoin may welcome a new round of upward momentum.

Now is a good time to buy the dip, and the market is expected to gradually turn upward. Investors need to pay attention to the stability around 94k; if the resistance area of 96k is broken, the market will accelerate further, opening up the potential to challenge the $100,000 mark.