According to @cas_abbe, BTC has broken below the USD 112,000 support that aligned with the May 2025 all-time high and had acted as strong support for months, according to @cas_abbe. The next major support level is identified around USD 98,000 to USD 100,000 for BTC, according to @cas_abbe. A reversal could occur before that range, but the author notes elevated risk heading into September for a bigger move, according to @cas_abbe.