🚨Heavy Warning! Bitcoin may plunge dramatically, is the end of the bull market just around the corner?
Bitcoin is about to close the monthly line, and a significant drop may be quietly approaching. The market trend reveals strong signs of fatigue, suggesting a possible deep correction in the short term, targeting 85000 or even lower.
Recently, three attempts to challenge 95000 have failed; although trading volume has increased, it has been unable to break through, indicating the overwhelming pressure from bears, and the market's upward momentum is gradually exhausting. Major capital may adopt a sideways consolidation approach to create a 'false prosperity' to maintain technical patterns.
If there is a breakout, it is expected to be merely a ruse, with the peak limit likely in the 96600-97700 range, after which it may sharply decline. One must be highly vigilant against rebound traps and rapid sell-offs following false breakouts.
📉Key Technical Areas:
Resistance Zones: 95500 / 96600 / 97700 / 98200
Support Zones: 93000 / 92200 / 91600 / 90900
📊Operational Strategy Reference:
Short on Highs: Enter near 95200, target around 92200
Long on Lows: Buy between 91600-92200, target around 93400-94500
Be sure to pay attention to position control, and beware of sudden reversal trends.