BiyaPay Analyst: BTC Technicals Weaken, Drops Below $100,000 Again, Next Key Support at $80,000

November 14th: Against the backdrop of a sharp downturn in overall sentiment, Bitcoin officially dipped below $100,000 on Thursday, hitting a low of $98,000. This represents a drop of over 20% from its peak of $125,000, re-entering the territory of a technical bear market. Analysts at BiyaPay pointed out that this round of correction was jointly triggered by the cooling of "Fed rate cut expectations" + the sell-off of tech stocks + weak ETF inflows, resulting in the weakening of the core support and the continuous deterioration of market sentiment. In the derivatives market, the trading volume of protective put options in the range of $90,000 to $95,000 has surged. Institutions are positioning for a greater risk of a pullback. Analysts believe that the next key support level for Bitcoin lies in the range of $80,000 to $85,000. If it breaks below this level, it will open up more downside potential. For BiyaPay users, when uncertainty is gradually subsiding and the market is entering an emotional recovery phase, using USDT to trade U.S. stocks, Hong Kong stocks, futures, and commission-free cryptocurrency spot contract trading can provide a more flexible approach to seize rebound opportunities as liquidity returns, achieving efficient allocation in a multi-market interconnected environment.