🚨 BITCOIN ON ALERT: CRITICAL SUPPORT AT $92,500 COULD DECIDE THE FUTURE! 🚀💥
📊 Market Summary
• After a $500 million LOSS in long positions, Bitcoin is struggling to hold on to the vital support at $92,500.
• Traders beware: LOSING this level could mean a bigger drop, while holding it could set the stage for a RECOVERY.
💡 Important Analysis
• Keith Alan (Material Indicators): the current upward movement could be a “trap”, without confirmation of solid support.
• Trader Skew: the region between $92,000-$92,500 is decisive. Losing it could trigger a broader SELL-OFF. • CoinGlass data shows +525 million in liquidations in the last 24h, reinforcing the extreme volatility.
🔥 What to Expect?
• Risks: High leverage still present in the market.
• Opportunity: A move above $97,000 could trigger a $1.5B short squeeze, pushing the price higher.