The market is brewing a dramatic change, BTC briefly fell below $99,100, and the news once again ignited market sentiment - Trump confirmed the launch of a strike on Iran's nuclear facilities and warned Iran that it "must seek peace". Geopolitical tensions are heating up, risk aversion and risks coexist, and market volatility is intensifying.
On the eve of Wall Street's opening, Bitcoin short-selling pressure has become more obvious, and traders have begun to actively look for potential bottoms. Well-known trader Cas Abbe predicts that Bitcoin may further drop to the range of $93,000 to $94,000, and then stabilize and rebound. He pointed out that the possibility of falling below $90,000 is only 20%-25%, and even if there is a pullback, it is more like a short-term emotional release rather than a trend reversal.
CoinGlass data shows that the $97,000 line still constitutes an important support. If this position is maintained, bulls may still have room for counterattack. Whether this round of pullback is a wash or a bottom, the key depends on how funds choose in the geopolitical and policy game. The gap between long and short positions, will the next step be acceleration or reversal? Keep a close eye on key support and market sentiment evolution.