This prolonged negative trend indicates that aggressive sellers are currently dominating the market. Weak spot demand may suggest profit-taking, buyer exhaustion, or the early stages of a trend reversal. Caution is needed as we approach key support levels.$BTC
Bitcoin is currently maintaining its support zone. Let's see how the market reacts when the US market opens. A break below this support zone could lead to a rapid sell-off.$BTC
The open interest in the perpetual Bitcoin swap has increased to 281,000 BTC, marking a +15.6% increase since the beginning of March. This increase indicates rising leverage as prices recover, setting the stage for potential higher volatility due to liquidations and trading halts. $BTC $ETH
🐋 NEW: A whale has sold all 630,339 $TRUMP tokens (5.48 million dollars) for $8.70 just before the news of Trump's dinner, making a profit of ~483K dollars.
If he had waited, his profit could have exceeded 4.5 million dollars.
Bitcoin has accurately rejected the resistance area we discussed earlier. The first support level to watch is at $90,000. If the price drops below this level, we could see a rapid decline in the range of $88,000 to $88,400. The resistance area remains unchanged, so let's see if the price can overcome this level. It is likely that we will return to the $90,000 level before attempting to break the $95,000 mark.$BTC