This afternoon, BTC experienced a sharp decline, just being blocked and falling near the trend line. The current support level is around 94,800, which has held for now, but it is uncertain whether it can continue to hold in the future.

However, as long as this support level holds for a day, it can be relied upon, and trades can be made looking upwards from this position. The stop loss is set at a drop below 94,800, and the take profit level follows the trend line.

If it drops further below, the next effective support is around 91,700, so if opening contracts at this position, a stop loss must be included.

For those looking to accumulate spot positions, this is actually a good opportunity to gradually accumulate, as this position down to 91,700 is a very good accumulation opportunity. #BTC