đ¨ Bitcoin Crash: Whatâs Happening and What Should You Do? đ¨
Bitcoin has dropped hard, now sitting at $92,623 after hitting a high of $102,724 just a few days ago. The market feels shaken, and many traders are wonderingâwhatâs next for BTC? Letâs dive into the 4-hour chart and figure this out.
What Does the Chart Tell Us?
Bearish Pressure: The sell-off is real. BTC has broken below key support at $95,896, showing strong selling momentum.
Support Levels: The next big test is around $91,530. If this level holds, we might see a bounce. But if it breaks, weâre looking at the critical $90,810 zone, which could trigger even more selling pressure.
Resistance to Watch: On the upside, BTC needs to reclaim $95,896 first. After that, $98,358 is the next hurdle for a proper recovery.
Why Did $BTC Crash?
Heavy Selling: The high trading volumes during the drop indicate panic selling. Some traders likely liquidated positions in fear of further losses.
Broader Market Fear: With macroeconomic uncertainty and market-wide corrections, buyers are staying cautious, adding to the downward pressure.
Should You Buy Now or Wait?
If Youâre Brave: Buying near $91,530 could work, but only if youâre prepared to manage risk with a tight stop-loss.
If Youâre Patient: Wait for BTC to stabilize above $95,896 before jumping in. This could signal a recovery and reduce the risk of further downside.
Protect Yourself: Donât overtrade or go heavy on leverage right nowâthe market is volatile and unpredictable.
The Emotional Zones
Fear Zone: If BTC falls below $91,530, panic could increase, driving prices lower.
Hope Zone: If BTC stays above $91,530 or reclaims $95,896, it could restore confidence and attract buyers back.
Bitcoin has seen drops like this before, and itâs always managed to recover eventually. But for now, stay cautious and let the chart guide you. The key is not to act out of emotionâthis is when patience and a clear strategy matter the most.
Whatâs your plan for BTC? Hold, buy, or wait? Letâs discuss in comments section
