Bitcoin Price Crash Triggered to $96,000: In-Depth Analysis

7/8/2025, 8:59:47 PM
A comprehensive interpretation of the Bitcoin price collapse triggered to $96,000 signal, combining the head and shoulders pattern with mainstream technical indicators, to create an executable guide for novice investors.

As of July 8, 2025, the real-time price of Bitcoin is $108,300.7. In the bull-bear battle, the price repeatedly tested the $110,000 level before retreating, forming a three-peak structure with a left shoulder, head, and right shoulder. If the price effectively breaks below the right shoulder support at $96,000, it indicates that the bulls are likely to lose control, and the market will enter a new round of decline.

Current Price and Trend

The current rise of Bitcoin began in mid-June, with a significant expansion in the range, accumulating an increase of over 25%. However, starting from the beginning of July, the momentum has slowed down, with bulls and bears fiercely battling in the $108,000–$110,000 range, showing characteristics of top consolidation.

Detailed Explanation of Form Composition

  • Left shoulder: The price pulled back to $104,500 after bouncing from $104,000 to $112,000;
  • Head: The second high reached 114,500 USD, then oscillated back to 105,000 USD;
  • Right shoulder: The third attack only reached 110,000 USD, failing to set a new high, and once again fell back to 96,000 USD.

Interpretation of Key Technical Indicators

  • MACD Death Cross: The MACD line has crossed below the signal line, indicating a weakening of short-term momentum;
  • Bollinger Bands Opening: The upper Bollinger Band is under clear pressure, while the lower support level is around 96,000 dollars;
  • Trading volume: The trading volume on the right shoulder is smaller than that of the head, indicating a lack of bullish follow-through, which increases the probability of a pullback.

Operation Process and Risk Control

  1. Observation Confirmation: Wait for the price to close below 96,000 USD on the daily level before entering a position;
  2. Enter in batches: The first batch of short positions can be entered in the range of $100,000–$98,000, and the second batch can be added after breaking below $96,000.
  3. Take Profit and Stop Loss: Set the stop loss at $98,500, and take profit can be gradually realized in increments at $90,000 and $86,000.
  4. Position Management: Control the maximum daily drawdown within 5% to avoid the risk of liquidation due to sudden news.

Investor Mindset Advice

  • Be patient: Do not frequently adjust your strategy due to short-term fluctuations;
  • Strict Discipline: Execute pre-set stop-loss and take-profit orders to avoid emotional trading;
  • Continuous learning: Pay attention to market trends and changes in technical indicators, and constantly improve your own trading system.
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.

Bitcoin Price Crash Triggered to $96,000: In-Depth Analysis

7/8/2025, 8:59:47 PM
A comprehensive interpretation of the Bitcoin price collapse triggered to $96,000 signal, combining the head and shoulders pattern with mainstream technical indicators, to create an executable guide for novice investors.

As of July 8, 2025, the real-time price of Bitcoin is $108,300.7. In the bull-bear battle, the price repeatedly tested the $110,000 level before retreating, forming a three-peak structure with a left shoulder, head, and right shoulder. If the price effectively breaks below the right shoulder support at $96,000, it indicates that the bulls are likely to lose control, and the market will enter a new round of decline.

Current Price and Trend

The current rise of Bitcoin began in mid-June, with a significant expansion in the range, accumulating an increase of over 25%. However, starting from the beginning of July, the momentum has slowed down, with bulls and bears fiercely battling in the $108,000–$110,000 range, showing characteristics of top consolidation.

Detailed Explanation of Form Composition

  • Left shoulder: The price pulled back to $104,500 after bouncing from $104,000 to $112,000;
  • Head: The second high reached 114,500 USD, then oscillated back to 105,000 USD;
  • Right shoulder: The third attack only reached 110,000 USD, failing to set a new high, and once again fell back to 96,000 USD.

Interpretation of Key Technical Indicators

  • MACD Death Cross: The MACD line has crossed below the signal line, indicating a weakening of short-term momentum;
  • Bollinger Bands Opening: The upper Bollinger Band is under clear pressure, while the lower support level is around 96,000 dollars;
  • Trading volume: The trading volume on the right shoulder is smaller than that of the head, indicating a lack of bullish follow-through, which increases the probability of a pullback.

Operation Process and Risk Control

  1. Observation Confirmation: Wait for the price to close below 96,000 USD on the daily level before entering a position;
  2. Enter in batches: The first batch of short positions can be entered in the range of $100,000–$98,000, and the second batch can be added after breaking below $96,000.
  3. Take Profit and Stop Loss: Set the stop loss at $98,500, and take profit can be gradually realized in increments at $90,000 and $86,000.
  4. Position Management: Control the maximum daily drawdown within 5% to avoid the risk of liquidation due to sudden news.

Investor Mindset Advice

  • Be patient: Do not frequently adjust your strategy due to short-term fluctuations;
  • Strict Discipline: Execute pre-set stop-loss and take-profit orders to avoid emotional trading;
  • Continuous learning: Pay attention to market trends and changes in technical indicators, and constantly improve your own trading system.
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.
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