Air Force Dominance! BTC Loses Key Stronghold, Will the 95K Ultimate Test Unfold Tonight?
Just a few hours ago, Bitcoin crashed like it was on a slide, hitting
99,200 with a big green candle dropping down almost 2.8102,500.
This breakdown is bad news!
Those in the market borrowing money to trade coins probably faced massive liquidation. It dropped too fast and too violently; they didn’t have time to react.
The support zone that was hard-earned around 104,000−106,000 has now turned into a ceiling, making it difficult to rebound.
It’s clear that sellers are in control, and the speed of the price drop seems to be accelerating. Bears have completely taken the upper hand.
Now, we need to closely monitor these price levels:
First line of defense: $97,500. If this level cannot hold, the drop could go even lower.
Real battlefield: $95,000. If it drops here, many might think it's cheap and want to buy the dip.
Rebound 'ceiling': 103,000−104,500. This is a strong pressure zone that became a resistance after the previous support was broken; a rebound near this area is likely to be pushed down.
What do I think we should do now?
This trend looks distressing. My thought is: if Bitcoin can rebound to the 102,000−103,000 area but fails to go higher and turns back down, that would definitely be an ultra-short selling opportunity!
Target: Aim for around 96,000; if it can drop to 95,500, that would be even better.
Don't forget to set your stop loss! If the price shoots up and directly breaks through $104,500, what are you waiting for? Run quickly! It indicates a miscalculation, the market has turned strong, holding your position would be suicidal.
Is this trade worth it? A simple calculation shows that if it reaches 96,000, the profit could be about 2.5 times what you've lost. The odds seem decent.
Lastly, a cold reality check:
This wild place in the crypto world can make your heart race with its volatility. This is purely my personal interpretation of the charts; it’s not investment advice! If you really want to follow this, remember:
Only use money you can afford to lose!
Set your stop loss firmly!
Don’t hold any illusions! Huge risks! Liquidation can happen in an instant; think it through clearly!
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