$BTC

#BTC☀ The key support level at 96000 has not been maintained, leading to a significant price decline. It has currently broken through the lower support area, indicating strong selling pressure in the market. EMA moving averages are under pressure: short-term moving averages show that prices are under continuous pressure, indicating a bearish market sentiment, with bears still dominating the market. Strong support level: the next potential support range is around 95000-94800, where a brief rebound may occur, but the risk of breaking below still needs to be monitored.

The market trading volume has been consistently increasing recently, especially during declines, indicating significant panic selling. The liquidation amount of long contracts has increased, and short positions are gradually gaining an advantage, further suppressing prices.

If the price cannot stabilize above 95000, it may further test the 94000 or lower support.

You can wait for trend confirmation before gradually building long positions.