$BTC
A major earthquake in the cryptocurrency world! BTC has fallen below $89,000, with 100,000 people forced to liquidate, it's devastating💥
Everyone, hurry and take a look! On December 7, HTX's market exploded—Bitcoin directly fell below the $89,000 mark, with a 24-hour drop of 0.88%, but this is just the appetizer!
Even more frightening is the Coinglass data: over 100,000 people were liquidated in the past 24 hours, with a total amount reaching $114 million, and cryptocurrency trading volume has directly halved, dropping over 50%! It's important to note that this is a nearly 29% drop from the historical high of $126,000, and it only took one day to fall from the $90,000 mark to below $89,000.
Technically, the warning signs have long been flashing red: the price is being tightly suppressed by short-term moving averages, and the MACD indicator is deeply entrenched below the zero line, showing a clear bearish trend. The key point is that the support level of $89,000-$91,000 has been lost, and the next line of defense will be at $88,000; if that fails to hold, it may head straight to $85,000!
However, the market also hides reversal signals: the probability of the Federal Reserve lowering interest rates in December is as high as 87%, and JPMorgan even predicts that BTC could rise to $170,000 in the next 6-12 months. Is it a panic sell or a good opportunity to buy the dip? $BTC
