Big actions are about to unfold this week, alarm 🚨 directly sounded!
The cryptocurrency market crash has arrived, and the Iranian parliament has approved the closure of the Strait of Hormuz! A global economic crisis is sweeping the market once again.
Bitcoin has now fallen from grace, and with significant news in the evening, the 100,000 support level could not be held. Bitcoin dropped below 100,000, hitting a low of 99,300, and here, the altcoins also directly fell by over a hundred.
From the K-line chart, we can see two bearish candles sharply declining on the hourly chart, with all indicators extending downward. The market is being dominated by sellers; if this trend continues, it may continue to decline in the short term. Pay attention to the strong support levels at 98,000/20,000. If these levels are not breached, then tomorrow the market may recover slightly. If it breaks, or if the news worsens, the market may be unable to stop and continue to decline deeply.
