$BTC

#BTC☀ At the key support level of 96000, it failed to hold, leading to a significant price drop. It has now broken through the lower support area, indicating considerable market selling pressure. EMA moving averages are under pressure: short-term moving averages show that prices are continuously under pressure, indicating a bearish market sentiment, with bears still dominating the market. Strong support level: The next potential support range is near 95000-94800, where a brief rebound may occur, but the risk of breaking below still needs to be noted.

Market trading volume has been continuously increasing recently, especially when there is a drop, indicating significant panic selling. The liquidation amount of long contracts has increased, and short positions are gradually dominating, further suppressing prices.

If the price cannot stabilize above 95000, it may further test the 94000 or lower support.

You can wait for trend confirmation before gradually building long positions.