๐จ $BTC PLUMMETS: $89K Support SHATTERED! ๐
The bulls just got absolutely WRECKED! ๐ฅ
Looking at the latest 1-Hour chart, the critical $89,000 support level (which held strong for days) has been decisively broken! The red candles are massive, showing a clear surge in selling volume! ๐ฉธ
The Current Situation:
Major Drop: $BTC$ is now trading around the $87,000 area (at the time of the chart), and the market is showing panic! ๐ฑ
Liquidation Cascade: This sudden, sharp move downwards is likely fueled by long position liquidations as stops were hit below
$89K. Chain reaction! โ๏ธ
Next Stop Watch: If selling pressure continues, the next major historical support we need to watch is closer to the $85,500 zone! Bulls need to find a floor there, and FAST. ๐โโ๏ธ๐จ
Bear Territory: The short-term trend has clearly flipped BEARISH. Any bounce back to $89,000 might just be a retest before another leg down. ๐
Are you buying this dip, or are you sitting in cash waiting for the real bottom? Stay safe out there! ๐