Your Position Home Flash News

Greeklive: If Bitcoin falls below $92,000, it may trigger a massive sell-off

GuShiio.com learned that according to Greekslive, the market was short-term bearish, with traders closing their positions and worrying about weak prices. The key support level is at 95K, and the 92- 94K range is an important line of defense, breaking below or triggering large-scale selling. Falling trading volume and low volatility (45-48%) affected options trading. The current 900 BTC purchase support, and there is a price vacuum before 98K or cause rapid fluctuations. Option adjustments showed the call strike price dropped from 100K to 97K, and the 95K put option was closed before the CPI was announced. Perpetual contracts dominated the sell-off, but short covers closed the U.S. market or prepared for a reversal after CPI data.

read the original

Popular Articles