The big pie is desperately holding the 100,000 mark! Is the next step a rebound? Or is it heading straight for 93,000?

The big pie (BTC) has just lost the 105,000 USD mark and is currently struggling around 100,200. This area is a key battleground; if it can hold, there is a possibility of a reversal; if it cannot hold, it may head straight for the 93,000 region.

Bulls are now fixated on the strong resistance at 105,000. As long as they can break through and stabilize, the market may turn around; but if it gets pushed down, the downward space will quickly open up, and those who are bullish need to be particularly cautious.

From a structural perspective, this round of pullback is not unexpected; the key lies in the upcoming reaction: is it a counterattack after building support, or is it a gradual fall into a deep pit?

Don't forget:

105,000 is the resistance point where the previous high broke down; capital sentiment determines whether it can be reclaimed;

100,000 is the sentiment line; if it cannot hold, it will trigger a chain reaction of selling;

93,000 is the area where the large Fibonacci levels and the 200-day moving average overlap; if it truly breaks, it will not be a "small adjustment" but a "large washout."

This is not a consolidation; it’s a matter of life and death!

Do you think the bulls can hold this time? Or will the bears strike back to the end? Leave a message to discuss this critical trend!