Cryptocurrency Market Crash: BTC, ETH, DOGE Lose Key Support, What’s Next? 🔥🔥🔥

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The cryptocurrency market has crashed, with over $1 billion in liquidations, Bitcoin dropping to $95,000, and altcoins retracing 8-13%.

- Investors are curious how long the Bitcoin retracement will last, analysts predict it could fall back 25% to $80,000.

- Historical retracements have reached 34% and multiple 25%, if repeated, BTC could again retrace to $80,000.

- The weekly chart shows a bearish engulfing candle, with the key support level of $1.012 million facing pressure; if it fails, we may enter a broader correction phase.

- Bitcoin's current price is $96,828, with a market cap of $1.92 trillion, key support range of $98,830 to $95,830, with 1.09 million wallets purchasing over 1.16 million BTC.

- Open interest contracts are down 5%, with $217 million liquidated in 24 hours, long positions liquidated at $166 million, and the fear and greed index at 74, still in the 'greed' zone.

- Market analysts believe that the surge in the dollar index (DXY) may lead to continued adjustments in the cryptocurrency market, and global liquidity trends should be monitored.

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