BTC DROPS FROM $99,500 ๐จ
Bitcoin plunged from $99,500 to $95,864 (-2.62%), wiping out recent gains. Is this a dip or a bigger crash ahead?
๐ Why BTC Fell:
1๏ธโฃ Rejection at $99,500 โ BTC couldnโt hold this level, triggering heavy sell-offs.
2๏ธโฃ Leverage Liquidations โ High-risk trades got wiped out, fueling the drop.
3๏ธโฃ Market Panic โ Altcoins are also falling as traders cash out.
4๏ธโฃ Whale Sell-Offs โ Large BTC holders moved funds to exchanges, signaling exits.
5๏ธโฃ Global Uncertainty โ Economic factors and Fed concerns add pressure.
๐ฅ Key Levels:
๐ป Support: $95,500 (break could send BTC to $93,800-$91,500)
๐บ Resistance: $97,500 (needs to reclaim for a rebound)
๐/๐ Trade Plan:
๐ก Entry: $95,900 (High Risk)
๐ฏ Targets:
$97,500 | $99,000 | $100,200 (up)
/ $95,500 | $93,800 | $91,500 (down)
๐ Stop Loss: $94,800
โ ๏ธ Watch For:
๐ Losing $95,500 could mean more downside.
๐ฐ Reclaiming $97,500 might fuel recovery.
๐ Whale activity could hint at the next move.