Today’s sharp pullback.

Is this a “bull turnaround” giving a chance to get on board, or a “false breakout” followed by a genuine reversal? Bitcoin latest market analysis + support and resistance levels share!!! #BTC $BTC
🚨 Monday morning sharp decline: 94,400 key support broken, market retraced to the “initial rally point”
Latest situation:
Breakdown and decline: After two days of sideways consolidation near 95,000 over the weekend, the Asian session on Monday opened with the bulls unable to hold the line. The price not only broke below 94,400 (the previous all-time high) core support but also continued inertially down to the current 91,800.
Retesting the initial rally point: The current price around 92,500 is very critical; this was the accumulation platform before the breakout rally started last Wednesday (January 14). From a technical perspective, this is a deep “retest confirmation.” If the decline stops here, the bull market structure remains healthy; if it breaks below, the market will test the 90,000 level.
Market sentiment: Short-term panic selling emerges, long positions chasing high are trapped. This is the most intense moment of the bulls and bears battle— is this a “bull turnaround” giving a chance to get on board, or a “false breakout” followed by a genuine reversal?
1. Support and Resistance Levels (Precise Calculation)
Short-term support (1-3 days, intraday/Monday)
92,000 - 92,200: Immediate support (life and death line). The absolute starting point of this breakout rally. If the main force does not want to damage the upward trend, they must organize a counterattack here.
91,500: Strong support. The upper edge of last week’s oscillation range, also a short-term defense line against spikes.
90,000: Core bottom. The lifeline of the bull market and this week’s bottom line.
Medium-term support (1-2 weeks, swing)
88,000: Structural bottom (top of the range).
86,000: Trend reversal point.
84,500: Major level bottom.
Short-term resistance (1-3 days)
93,500 - 93,800: Immediate resistance. The relay platform during the morning decline. A rebound here may cause trapped longs to exit.
94,400 - 94,500: Core resistance (top-bottom reversal). Yesterday was support; today, after breaking below, it has become the heaviest pressure level. Without major positive news, it’s difficult to recover in the short term.
95,500: Midpoint of the weekend oscillation range.
Medium-term resistance (1-2 weeks)
96,431: Previous high resistance. Historical highest point.
98,500: Level before hitting 100,000.
100,000: Century milestone.
2. Overall Analysis and Best Entry Strategy
Overall view: The current 92,459 is at the “key support level defense battle.”
Bullish logic: 92,500 is strong support with an excellent risk-reward ratio. Although the short-term decline is fierce, sharp drops in a bull market are often manipulations by the main force. Betting on a rebound here has a higher probability of success.
Bearish logic: Breaking below 94,400 is a fact, indicating a short-term trend reversal to bearish. A rebound to around 93,800-94,000 faces resistance, which is an opportunity to short, but chasing shorts at the current price risks being slapped back by support rebounds.