Hello, brothers in the cryptocurrency circle, I am Qiu Ge, your host. Today, let's talk about the stormy crash of Bitcoin—within just one hour, it plummeted from $102,765 to $98,115, dropping over $4,600. Many people suffered heavy losses, but some guys made $2,325 by shorting.
Crash Trajectory: Within one hour, Bitcoin plunged from a high of $102,765 all the way down to $98,115, crashing over $4,000!
Key Technicals:
Failed to Break Higher: The rally faced strong resistance near the 138.2% Fibonacci level and the round number 105,000. The chart indicates 'Buying short when breaking the watershed at 98,115 could yield a profit of $2,325'—these brothers perfectly caught the short!
Indicators Not Looking Good: MACD, RSI, KDJ, and other indicators in the chart show signs of weak pullback. The market shows that around 101,862 has become the latest concentrated transaction/limit order price, but overall buying is weak.
News Adding Fuel to the Fire:
Clouds of War in Israel and Gaza: When the Middle East powder keg explodes, funds flee high-risk assets, with Bitcoin being the first to be hit.
Wall Street Retreat Signal: ‘Bitcoin falling below $100,000 may indicate that Wall Street has begun to exhibit risk-averse sentiment’—losing the $100,000 mark is a critical warning!
Qiu Ge's Perspective:
Short-Term: Technical breakdown + geopolitical panic, with bears in the lead, still has a risk of further decline! Keep a close eye on 98,115 (previous low/short position take profit point), and it may even test around 95,000. Don’t rush to catch the bottom!
Opportunity: If geopolitical tensions ease (Israel and Gaza pull back) or it drops to a strong support level, and technical indicators strengthen, a rebound is expected, targeting around 102,000. Opportunities come from declines, but wait for signals!
Qiu Ge's Call: This crash is a typical case of 'technical factors hitting news factors'! What do you brothers think about the future market? Keep eating meat with short positions, or prepare to catch falling knives in batches? Let's discuss quickly!
Qiu Ge's fans, what do you think about this? The crash from $102,765 to $98,115, I've analyzed both the technical and news aspects thoroughly. But the market is always a battle of wits—do you think the market will reverse and rebound or continue to fall?
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$BTC