Did Bitcoin just crash right after breaking 95K? Get ready for a plunge to 93K! 💥
Bitcoin just broke through $95,100, but then it was heavily suppressed, making it feel like it suddenly hit the brakes. The price dropped back to $94,400, and it seems like a 'peak' signal in the short term. Looking at the technicals, it's over, RSI has pulled back, MACD has crossed down, the entire chart is telling us: 'Hey, don't celebrate too early!'
If it can't get above $95,000, prepare to face the support hell at $93,000 to $92,800. Right now, $94,000 is the key watershed; once it breaks down, the bears will start to 'dance,' and the next focus should be on the support at $92,500.
Those who are more aggressive can try shorting between $94,500 and $94,800, with a stop-loss at $95,200; those who are more cautious should wait for a break below $94,000 before entering. But remember, the market is volatile; if it breaks through $95,100, make sure to stop-loss quickly to avoid being caught off guard by a reversal!
Conclusion: Don't let short-term fluctuations cloud your judgment; the market always has black swans. Be prepared, or you might be the one to suffer!