BTC
BTC is currently facing a large retracement and is trading at $95,377.35, down 2.52% from its recent high.
After hitting a peak of $96,604.24, BTC encountered strong selling pressure and the price quickly fell back to a 24-hour low of $95,199.14.
The current key support level is located at $95,000, and a break below this level may trigger further downside to $94,500.
However, on the positive side, a break above $95,763 may pave the way for prices to rise back to $96,200 and higher.
This volatility provides traders with a good opportunity to take advantage of rebounds or breakout trades. In such a market environment, it is recommended to carefully manage risks and set reasonable stops to ensure that profits can be locked in during intense volatility.
