🚨 Bitcoin is about to face a critical moment!!!

Bitcoin's MVRV ratio (Market Value to Realized Value ratio) is currently at 2.13, close to the key SMA365 of 2.14, which could be a crucial turning point for a mid-term bullish outlook. A current breakout above $95,783 may unleash rapid upward momentum, but the risk of large-scale liquidations cannot be ignored.

📊 Technical Analysis

Bitcoin recently broke through a descending wedge pattern, which is typically a bullish signal indicating that the market has the potential for sustained upward movement. However, $95,783 remains a key resistance level, with the current price at $94,036, slightly retracing by 0.71%. If this resistance cannot be broken, there may be a risk of a pullback to $83,462.

📈 Futures Market Leverage Soars

In the past 20 days, open interest in the Bitcoin futures market has surged by 20%, reaching $26 billion, with leverage increasing by 0.99%. This indicates that speculative sentiment is sharply rising, which may drive price volatility in the short term, but also increases the risk of liquidations.

⚠️ Risks and Opportunities Coexist

If $95,783 becomes a support level, the rising leverage and breakout signals may bring strong upward momentum. However, if it fails to break through, the market may face greater selling pressure.

⏳ Liquidation Chart Analysis

Currently, the $93,000 - $94,000 range is a key support level. Falling below this range could trigger a large number of liquidations, with prices potentially dropping to $91,000. Conversely, if prices break through and stabilize above $95,783, liquidation pressure could ease, and the market may rise rapidly.

🔑 Central Viewpoint

Bitcoin is at a critical decision point, and the breakout above $95,783 is crucial. If successful, this wave of upward momentum could continue; if it fails, it could lead to a price pullback. Investors need to constantly monitor this key level and respond flexibly to market changes.

🚀 Conclusion

The future of Bitcoin remains full of uncertainties, but opportunities and risks coexist. Stay calm, closely follow technical signals, and seize the market rhythm!💪

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