Bitcoin appears to be technically trapped. Investors holding 2x long positions are currently experiencing a challenging period—trading volume is insufficient and the price movement direction is uncertain. The exchange is likely to open red tomorrow. The 91600 level stands out as a critical liquidity zone; purchases here will indicate the flow of support. Although a short-term downward pressure may occur, the John Wick candlestick pattern on the weekly chart can be seen as a sign of temporary consolidation. It may be necessary to wait within this range until the market indicates a clearer direction.
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BlockchainFries
· 11h ago
Is the 91,600 level really that critical? It seems like every time someone says a certain price is the "last line of defense."
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GasFeeSurvivor
· 11h ago
2x long is really hellish at this point, I'm about to blow up.
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FOMOSapien
· 11h ago
91600 won't defend, we'll go red this time, the John Wick formation won't be enough for us
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BTCBeliefStation
· 11h ago
This key level at 91,600 must be held, or else the 2x brothers might be liquidated directly.
Bitcoin appears to be technically trapped. Investors holding 2x long positions are currently experiencing a challenging period—trading volume is insufficient and the price movement direction is uncertain. The exchange is likely to open red tomorrow. The 91600 level stands out as a critical liquidity zone; purchases here will indicate the flow of support. Although a short-term downward pressure may occur, the John Wick candlestick pattern on the weekly chart can be seen as a sign of temporary consolidation. It may be necessary to wait within this range until the market indicates a clearer direction.