Bitcoin at Risk: Will Breaking the - Support Trigger a Market Chain Reaction?

Derived from PANews, Matrixport’s latest weekly report indicates that the price of Bitcoin has fallen to the $106,000-$108,000 range, confirming a bearish trend signal. If this range is breached, it could trigger a chain reaction in the market. Meanwhile, gold has reached a historical high, European bond market pressures are increasing, and U.S. debt issuance is growing parabolically. Technical support is significant, and historical data suggests that initial retests typically do not easily break. Funding rates have noticeably declined, implied volatility is near historical lows, and traders are preemptively adjusting positions. Options market pricing suggests investors may be underestimating subsequent volatility risks. The potential upside in the fourth quarter is noteworthy, but effective risk management is crucial to mitigate exposure from sudden drops