#CryptoMarketDip Reasons why the bearish scenario has a higher probability:
1. Strong selling pressure at resistance 98,000:
• Heatmap data from Coinglass shows that a large number of sell orders are waiting in this area, creating strong pressure preventing prices from rising higher.
2. Main trend:
• Prices are below important MA lines (MA7, MA25, MA99), confirming that the downtrend still prevails.
• Short-term RSI is in the oversold region, but medium and long-term RSI still indicates weakness.
3. Liquidity:
• The 96,000 area is support, but if it breaks through, it will lead to a sell-off, pushing prices quickly down to the 94,000 area, where a large number of buy orders are waiting.
Estimated probabilities:
• Bearish scenario (breaking 96,000, testing 94,000): ~65%.
• Bullish scenario (holding 96,000, recovering to 98,000): ~35%.
Optimal strategy:
1. Prioritize Short orders:
• Entry: 96,500 - 96,800.
• TP: 94,800, further down to 94,000.
• SL: 97,500.
2. Enter Long orders if breaking down to the 94,000 area:
• Entry: 94,000 - 94,300.
• TP: 96,000 - 97,000.
• SL: 93,500.
Please manage your capital carefully and be ready to adjust orders if the market fluctuates significantly.$BTC