Bitcoin pulled back below 94k after breaking through last week, with obvious bearish momentum, and may continue to test lows around the 80k range.
However, the current situation is a bit interesting——BTC is testing the 21-day moving average on the daily chart, which could very well serve as a trigger for a rebound.
From the 1-hour chart, if the 92-92.5k zone holds up, it will be very helpful for BTC to push back toward 94k. If this support level holds steady, there is still room for a rebound.
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AirdropworkerZhang
· 4h ago
The 92.5k mark must be held, or it will really break below.
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LiquidityHunter
· 11h ago
The 92.5k level isn't a strong support. If it breaks, liquidity will immediately reveal the truth. Need to keep an eye on the trading pair depth...
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TokenAlchemist
· 11h ago
92.5k is basically just noise on the hourly—if we're actually testing 21ma on the daily, that's where the real inefficiency vector emerges. people always miss the liquidation cascade setup when support holds like this. ngl the asymmetric returns here depend entirely on whether mev extraction patterns shift at that level or not
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ChainWallflower
· 12h ago
92.5k holding strong, if it breaks, heading straight to 80k, no doubt about it
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SchroedingerMiner
· 12h ago
If we truly can't hold the 92.5k level, we should be prepared to see 80k.
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FallingLeaf
· 12h ago
Is this critical level at 92.5k really holding up? It still feels a bit hard to predict today's trend.
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GasWaster
· 12h ago
ngl if 92.5k holds i'm actually gonna stop rage-checking gas trackers for like five minutes... probably won't though, already got three failed txs queued up waiting for this bounce lol
Bitcoin pulled back below 94k after breaking through last week, with obvious bearish momentum, and may continue to test lows around the 80k range.
However, the current situation is a bit interesting——BTC is testing the 21-day moving average on the daily chart, which could very well serve as a trigger for a rebound.
From the 1-hour chart, if the 92-92.5k zone holds up, it will be very helpful for BTC to push back toward 94k. If this support level holds steady, there is still room for a rebound.