📢

Bitcoin has plummeted from 97,800, and this rollercoaster-like trend is simply unbearable for the heart! Countless investors are wide-eyed and filled with anxiety: how far will this round of decline go before it stops? Will it hit a mysterious price point and come to a halt, or will it continue to "free fall" into an endless abyss?
🎯
There have been similar drastic declines in the Bitcoin market before. In a previous crash, the price plummeted from a high point, and many investors didn't have time to react before their assets significantly shrank. The market was filled with panic, and various speculations and worries hung in the air. Eventually, the price stabilized at an unexpected level, and then it exhibited an astonishing reversal trend. Will this crash repeat the past, or will there be a completely new direction?
📌
First, refer to historical support levels. In the historical price movement of Bitcoin, there are some key price levels that have repeatedly acted as support. For example, the integer level of 91000/90000 has served as a support point during past price fluctuations, preventing the price from falling significantly further. When the price approaches this level, it may receive some support. Support levels at 89000/88000 can lead to a rebound or reversal.
Second, analysis of market capital flow. Pay close attention to capital flows; if during a downtrend, a large amount of capital flows out of the Bitcoin market into other investment areas, such as stocks and bonds, then the price of Bitcoin may continue to decline. Conversely, if there are signs that capital is starting to flow back in, then the price decline may slow down or even stop.
Third, the market sentiment indicator. Investor sentiment has a significant impact on Bitcoin prices. The Fear Index is a good reference indicator; when the Fear Index rises sharply, it indicates extreme panic among investors, which may trigger a large sell-off, pushing prices further down; conversely, when the Fear Index begins to decline, it suggests that market sentiment is gradually stabilizing, and prices may also stabilize accordingly.
💎
It is said in secret: Besides the factors mentioned above, the hash rate of Bitcoin is also an important reference indicator. The hash rate represents the computing power of the Bitcoin network. If the hash rate remains stable or even increases during a price decline, it indicates that the network's security and stability are relatively good, and the price may stabilize at a relatively high level; conversely, if the hash rate significantly decreases, it may mean that the network is facing instability, and the price may continue to fall.
📣(Call to Action)
Want to get more Bitcoin trend predictions and investment tips? Leave a comment saying "Bitcoin Downtrend" in the comment section, and we'll send you a Bitcoin investment hedging guide to help you protect your assets in a turbulent market!