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Gate Square New & Returning Creator Rewards are ongoing!
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🚨$BTC ALERT: $100K Barrier Rejected – Plummets to $98K 🚨
After an exhilarating surge to break the psychological barrier of $100K, Bitcoin ($BTC ) has faced a sharp rejection, now retreating to $98,027.80. This drop highlights intense selling pressure at higher levels, triggering a notable pullback.
Critical Levels to Watch:
Resistance: $100,137 – A breakout here could reignite bullish momentum and pave the way for further gains.
Support: $97,600 – Holding this level is critical to avoid a steeper decline toward $95,600.
Market Insight:
The rejection at $100K suggests strong profit-taking by traders, leading to a temporary correction. However, this could also signal an opportunity for buyers to re-enter if $97,600 support holds firm.
Keep an eye on volume and price action near these key levels for the next big move.
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