Whale in the Crypto Sea: The Bitcoin market has fallen into extreme panic. Is 93,000 the last low point for BTC?

CN
6 hours ago

Welcome to my world. I want to say that there are still many skilled teachers in the market, and I have always believed that there are greater heights and more capable people beyond what we see. Many new friends have told me about their previous teachers, but since I haven't personally experienced their abilities, I can't make a judgment. However, to be fair, based on my own experience, I have also come from being a novice teacher to where I am today, and I have changed a lot along the way. No one is perfect; everyone has weaknesses. As a teacher, I may not be humorous enough or eloquent, but I definitely have a heart willing to help you. As long as you are willing to open your heart and communicate more, we can definitely achieve a win-win cooperation.

In the Asian early session, Bitcoin briefly fell to $93,000, then rebounded, triggering a sell-off of $510 million within 24 hours, wiping out all gains from 2025 to date. This sharp fluctuation caused the Fear and Greed Index to soar to 10, indicating that traders are in extreme panic.

As of this morning, BTC is hovering around $94,000, having significantly retreated from its early October high, and market sentiment is clearly cautious. According to data from multiple institutions, BTC has fallen for the third consecutive week, with a cumulative decline of nearly 25%.

Bitcoin (BTC) Trend Forecast Analysis for November 17, 2025

On the daily chart, BTC has triggered what is known as a "death cross" (the 50-day moving average crossing below the 200-day moving average), which historically usually indicates a potential continuation of adjustments in the short term. The price has currently moved below a key support level, and institutions point out that if it falls below approximately $94,000, the next key support may be below $90,000. Technical indicators like MACD show a downward trend, with no clear reversal signals; trading volume also shows no signs of a favorable breakout.

From the 4-hour chart, the overall trend is currently downward. Since the peak of $126,173, it has been under pressure to decline. The first resistance level is at the $99,000-$100,000 range. For BTC to resume an upward trend, it needs to break through this level, while the support below is at the $93,000 level. Although it broke through in the early morning, it did not fully break, and it can still be used as the first support.

Operational advice: If there is a rebound to test the $99,000 level, you can consider placing short positions, controlling your position size to 20%-30%; if it falls back to the $93,000 level, you can consider light long positions with a position size of 5%-10%. Today's operational strategy focuses mainly on short positions during rebounds, with additional short positions during pullbacks.

The market is always the market; the harsh reality will not change because of your losses, nor will it cease due to your tears and complaints. To change your fate, you must continuously learn investment skills and improve your abilities. This will accelerate your escape from the sea of suffering. This article is exclusively contributed by "Coin Sea Whale," and please indicate the source when reprinting. There may be delays in online publication, and market conditions can change rapidly. For more real-time market updates, if you are trading contracts for Bitcoin or Ethereum and feel lost in your investment journey, you can follow the teacher and communicate with them in real-time. When entering the market, you should thoroughly understand all related investment risks, and the risks are borne by yourself.

Warm reminder: For more timely strategies and information, please scan the QR code of the public account to follow and obtain them. The comments and advertisements below this article are unrelated to me, and I ask readers to discern carefully. Thank you for your support.

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