Bitcoin has experienced a significant drop, retreating from a high of $98,233. This downward momentum suggests increased selling pressure as traders take profits near key resistance zones. The current price movement reflects a short-term bearish trend, with $95,400 acting as a critical support level to watch. A break below this support could trigger further declines toward $94,000.
Trade Setup
For Bulls: A rebound above $95,500 could target $97,500 and $98,200 for short-term gains.
For Bears: A sustained break below $95,400 may open the path to test $94,000 and beyond.
Strategy Suggestion
Stop Loss: Tighten to $95,200 to manage risks.
Short-Term Target: $98,200 for potential profit-taking.
Long-Term Perspective: A recovery above $98,200 is needed to regain bullish momentum.
This is a critical phase for $BTC—monitor the chart closely and trade with caution to avoid unnecessary losses.
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