๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ซ๐ญ: ๐๐ข๐ญ๐๐จ๐ข๐ง'๐ฌ ๐๐จ๐ฅ๐๐ญ๐ข๐ฅ๐ ๐๐จ๐ฎ๐ซ๐ง๐๐ฒ ๐๐ง๐๐จ๐ฅ๐๐ฌ๐จ๐จ
Bitcoin has shown significant volatility recently, achieving remarkable gains of over $30,000 in just a few days and reaching an impressive peak near $99,500. However, the psychological resistance at $100,000 remains unbroken, as the price reversed just shy of this milestone, liquidating a large number of long positions. This reversal has caused considerable market turbulence, with ongoing liquidation activity affecting traders who entered high-leverage trades during this critical zone.
Currently, $BTC Bitcoin's overall trend is still bullish, but signs of a potential shift to a bearish phase are emerging. The 24-hour trading volume has dropped to approximately $44 billion, signaling reduced market participation. Such low volume could be a tactic to entice traders into long positions, only for the market to reverse abruptly, catching many off guard. Short-term market movements suggest a potential drop to the $97,000 range, with further corrections possibly pushing BTC to the $90,000โ$92,000 support levels.
Despite these fluctuations, many buyers have capitalized on the recent price surges, with profits reportedly reaching $5 billion. However, caution is advised as whales remain active, and the current market conditions favor sharp, unpredictable movements. Traders are urged to avoid over-leveraged positions in this low-volume environment and stay prepared for sudden shifts. Staying vigilant and strategically managing risks will be key to navigating the market effectively during this period of heightened volatility.
