BTCUSD: Sharp DropBitcoin / U.S. dollarBITSTAMP:BTCUSDKingArthur_BTCUSD showed a sharp decline today, breaking below the key psychological level of 100,000, with violent intraday volatility. Both technical and capital flows indicate a bearish bias. After opening, the price did not continue the previous consolidation trend; although there were brief signs of stabilization in the morning, it subsequently entered a downward trajectory. The 100,000 level had been a crucial psychological support for the market. After breaking below this level today, the price further dropped to 95,853 and failed to rebound quickly to reclaim the lost ground. Combined with the 4-hour technical structure where BTC has been in a descending channel, the persistent downward pressure from the 20-period and 60-period moving averages remains unresolved. Following this breach of key support, there may be further downside pressure ahead. Going forward, focus on the support strength around 95,000. A breakdown below this level could trigger a new round of selling; if it stabilizes here, a short-term technical rebound may occur, but the overall weak pattern is unlikely to reverse easily in the near term. Trading Strategy: Buy 95,000 - 95,500 SL 94,500 TP 98,000 - 99,000 - 100,000 Sell 99,500 - 100,000 SL 100,500 TP 98,000 - 97,000 - 96,000