#BTC
BTC crash is about to commence! The initial phase of the decline aims for 89000! 🔥
Surprising alert: BTC's steep fall has subtly started!
Following the non-farm payroll data published on May 2, BTC briefly exceeded 97800 but soon faced considerable momentum weakness, swiftly retreating to the 92800-95700 range, marking a drop of over 4300 dollars. The current breakthrough is quite challenging, market sentiment has diminished, and the downward trajectory in the future appears almost inevitable.
Critical level alerts:
95700: This serves as the crucial resistance point. If this level isn't surpassed, further declines may ensue. Short positions can be taken at this level.
92800: Significant support level. If this level is breached, the subsequent target becomes 90000, or possibly the 88000-89000 zone. The initial phase of decline is anticipated to halt here.
Short-term plan:
If 95700 remains unbroken, short positions may be initiated nearby, with profit-taking at 92800.
If it breaks beneath 92800, then continue to maintain short positions, aiming for around 90000.
Act flexibly in response to market fluctuations.