Everyone should have seen it today!
BTC stabilized after breaking through the historical high of 100,000 USD, which is a key point for institutional position adjustment. If it is not stable, the possibility of a sharp drop is high.
This drop aims to clear leveraged traders, as breaking the 100,000 mark can easily trigger FOMO emotions, with many chasing the rise.
This pullback is a common phenomenon in a bull market and typically sees a drop of 10,000 USD.
The current formation is weak; although there was a sharp drop, it quickly rebounded. The next key support level is around 95,000 USD.
If it does not drop below this level, consider positioning for long trades, as it is a good buying opportunity.
