#BTC☀️ C dropped to $95,000... Big drop in the market...

$BTC BTC Price Analysis: Approaching critical support.

$BTC is trading at $94,893.72, down 6.82% in the last 24 hours. After hitting a 24-hour high of $102,800, the price slipped to a low of $94,682, reflecting persistent selling pressure.

Key Levels to Watch:

Support: $93,440 – A break below this level could push $BTC towards $91,000.

Resistance: $98,650 – Reclaiming this level is crucial for any bullish momentum.

Trade Setup:

Entry Point: Around $94,893 for a cautious bounce.

Target:

1. $98,650 (Short-term rally)

2. $102,000 (Major resistance zone)

Risk Management:

Stop-loss: $93,400 to minimize potential losses.

Market Insights:

BTC’s sharp decline signals a bearish trend, but with strong volume, a short-term bounce near key support levels is possible. Keep a close eye on any signs of a reversal before taking aggressive positions.