At midnight, the crypto market experienced a severe fluctuation, with BTC unexpectedly breaking the key support level of 100,000, leading to a "cliff-like" fall. The price nearly dipped vertically, reaching a low of around 97,900, directly refreshing the stage's new low, and the market's short positions sentiment was instantly ignited.
From the analysis of the 1-hour technical structure, Bitcoin is currently in a typical short-cycle weak downward cycle: a sharp fall followed by a weak rebound, which is immediately followed by another drop. Even if there are signs of a rebound during th
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