TechFlow news, on February 12, Greeks.live analyst Adam released an English community daily report stating that Bitcoin's price is testing the key support level of $95,000. Market data indicates that the range between $92,000 and $94,000 forms a significant technical support zone, and a breakdown could "trigger massive sell-offs."
In the options market, traders have lowered their call option strike prices from $100,000 to $97,000 and cleared bearish positions at $95,000 prior to CPI data release. Selling pressure emerged in perpetual futures markets, though unwinding was observed by the end of the U.S. trading session. There is a bid order for 900 bitcoins at the $98,000 level.
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