#BTC 10 Ten thousand support is about to shatter?
Tonight the CPI data is coming, and the market atmosphere is a bit tense. Bitcoin's recent price momentum has clearly weakened a lot.
The support level at $100,000 looks like it won't hold, and the next stop may drop to $95,000.
From the chart, BTC's upward movement around $122,000 also looks a bit "ugly". The daily K-line rejection is very obvious, and it feels like the top divergence is almost a foregone conclusion.
Another critical point is the CME futures gap around $117,500. Many traders are watching here, believing the price may fill this gap.
Bitcoin has entered a distribution phase after the previous price surge, meaning it may be about to turn bearish, and the price may start to decline.
BTC is struggling below the 200MA and 200EMA on the 4-hour chart, facing significant pressure.
There will be a lot of volatility in the next few days, especially after the CPI data is released tonight, with high uncertainty in the market. Everyone should trade carefully. @加密凌墨
In summary, the key support at $100K is very critical; if it breaks, $95K is not a dream. The risks are not small, so pay attention to the CME gap and the overall market news, and be prepared for defense.