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#GoldandSilverHitNewHighs
#Bitcoin continues its downward slide, dropping over 4% as bears push for a deeper correction before the monthly close. With liquidity being tested and long positions liquidated, traders are eyeing key support levels.
🔍 Key Insights:
📉 $BTC risks a further drop to $80000, with order books showing strong liquidity around $90K.
$BTC
📊 Potential retest of the 50-week SMA, a level not seen since September.
🛑 $87,000 remains a critical support level, with a 95% probability that Bitcoin won’t fall below it, aligning with past cycles.
🔥 Will BTC hold support or dive deeper? Share your thoughts! 👇