🚨BTC breaks below $118,000! Players keep an eye on this key support
Just saw BTC break below the $118,000 level, combined with Binance's 1-minute candlestick trend, this drop should be monitored:
Market + News Breakdown
Trend: From 118308 it plunged to 117957, breaking below MA7 and MA30 moving averages, bearish forces dominate, short-term trend leans downward
News Verification: OKX data shows BTC breaks below $118,000, 5-minute drop of 0.03%, "short-term support weakened" warning comes true
Key Level: 117500 is the previous low support, if maintained, a slight rebound may occur; if broken, a lower position is likely to be tested
Operational Suggestions
Spot Traders: Don’t blindly catch the falling knife! Before the downtrend reverses, hold your position and observe, consider adding to your position once 117500 stabilizes
Contract Traders: Lightly short (stop loss at 118200), quick in and out, don’t be greedy in catching the downtrend
Onlookers: Keep your hands off! After breaking a key level, market volatility is large, wait for the trend to clarify before entering the market
(BTC breaks below $118,000, Binance players keep an eye on 117500, controlling risk is the priority!)
#btc #跌破注意