Bitcoin's key support at 90,000 has not yet been fully broken, and it remains in the testing support stage. The support remains effective, and the expectation of a bullish move above 98,000 still exists. If the support is broken, it could mean the end of the correction or a transition into a more complex adjustment.
If the long-term downtrend continues, the central zone usually first clears out the short positions to induce more buying before continuing downward. Therefore, the two more likely scenarios are: either a rebound from support to form a higher high, ending the correction; or a breakdown of support, leading to a continued complex correction. Ethereum's structure is similar, with the same logic. The key support is around 3050.
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Bitcoin's key support at 90,000 has not yet been fully broken, and it remains in the testing support stage. The support remains effective, and the expectation of a bullish move above 98,000 still exists. If the support is broken, it could mean the end of the correction or a transition into a more complex adjustment.
If the long-term downtrend continues, the central zone usually first clears out the short positions to induce more buying before continuing downward. Therefore, the two more likely scenarios are: either a rebound from support to form a higher high, ending the correction; or a breakdown of support, leading to a continued complex correction. Ethereum's structure is similar, with the same logic.
The key support is around 3050.