Bitcoin has continuously faced LTH sell-offs in the 100k–120k range, and above 100,000 dollars has become a distribution area for institutions. Short-term rebound is weak, 94k is the first support. If it breaks down, the next target may look towards 84k (this wave bull market Fibonacci 38.2% retracement level). The market may need a deeper pullback to rebuild confidence.
📉 Current rhythm: Weak oscillation with a bearish bias 📌 Key Focus: 94k, 84k
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🚨 BTC Market Overview
Bitcoin has continuously faced LTH sell-offs in the 100k–120k range, and above 100,000 dollars has become a distribution area for institutions.
Short-term rebound is weak, 94k is the first support. If it breaks down, the next target may look towards 84k (this wave bull market Fibonacci 38.2% retracement level).
The market may need a deeper pullback to rebuild confidence.
📉 Current rhythm: Weak oscillation with a bearish bias
📌 Key Focus: 94k, 84k