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Bitcoin showed weakness this afternoon, falling in a single-sided manner to a low near 91,500, and is currently attempting to halt the decline near the 92,000 level. The afternoon's bearish trend was precise, with a profit of over 1,300 points.
From a technical perspective this evening: if resistance is encountered in the 92,200-92,700 range, the price may continue to decline, with support targets around 91,200 or even 90,000.
Simultaneously, pay attention to Ethereum's performance: under pressure in the 3,230-3,250 range, weakness could extend to key support levels at 3,180-3,140. Currently, both major cryptocurrencies are in a phase of testing lower support levels.
not financial advice but if we're really testing 90k support i'm watching the risk-adjusted returns here closely. smart money probably already moved their stack
The bears are really fierce, losing 1300 points just like that
If 92,000 can't be broken, it has to keep going down
ETH is also dragged down, this round of adjustment is a bit fierce