#BTC dropped 15,000 value in just 2 days ... What a Worst things happening ... Almost drop 15% in value within 2 days ... Almost Panic situation every where .. Hope to recover losses soon ..
$BTC Price Analysis: Heavy Correction Testing Major Support..
Bitcoin ($BTC) is trading at $93,324.01, marking a significant 8.92% decline over the last 24 hours. After reaching a 24-hour high of $102,800.11, the price has dropped to a low of $93,219.62, signaling strong bearish pressure in the market.
Key Levels to Watch:
Support: $93,000 – A breakdown below this level could push Bitcoin toward the next major support at $90,000.
Resistance: $98,000 – Bulls must reclaim this zone to indicate any meaningful recovery in price action.
Trade Setup:
Entry Point: Around $93,300 for potential short-term recovery plays.
Targets:
1. $98,000 (immediate resistance)
2. $103,500 (major resistance zone)
Risk Management:
Stop-loss: $92,500 to minimize downside exposure.
Market Insight:
Bitcoin’s decline highlights increasing bearish sentiment, yet this sharp correction could offer a strong buying opportunity near $93,000 if it holds. Traders should monitor volume and momentum closely for signs of a reversal. Volatility remains high, so proceed with caution and maintain disciplined risk management strategies.
