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🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
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🚨 Bitcoin Still in a Downtrend on Lower Timeframes 🚨
🔻 $BTC Likely to Drop to $94K – $92K! 🔻
Bitcoin remains in a short-term downtrend on lower timeframes despite its recent bounce to $97K. With US inflation at 3% and concerns over delayed FED rate cuts, BTC may experience further downside before regaining strength.
📉 Key Market Signals:
✔ Lower Highs & Lower Lows forming – confirming a short-term bearish trend.
✔ Weak momentum after rejection near $97K.
✔ Increased selling pressure at key resistance levels.
📌 Critical Levels to Watch:
🔻 Support: $94K – $92K (Potential Dip-Buying Zone)
🔺 Resistance: $97K – $98K (Needs Break for Bullish Reversal)
💥 Breakout Level: Above $100K for a stronger uptrend confirmation.
🔎 What’s Next?
⚠️ Potential Scenarios:
1️⃣ Bounce from $92K – $94K → Strong recovery towards $98K+.
2️⃣ Break below $92K → Deeper correction to $88K – $90K possible.
3️⃣ Sideways consolidation before a major breakout.
💡 Trading Strategy:
🔸 Short-term traders: Watch for bearish setups until confirmation of trend reversal.
🔸 Long-term holders: Stay patient—macro trends still favor BTC in the long run.
🔸 Risk Management: Use stop-losses and avoid over-leveraging.
🚀 Final Thoughts:
Bitcoin’s long-term outlook remains bullish, but short-term corrections are part of the game. Stay cautious and watch key levels before making moves!
🔔 Follow for more real-time market update!
#BTC #ETH #SEC