Summarize the content using AI
Bitcoin 
$101,765 has recently slipped below the critical support level of $105,000, exacerbating concerns about the possibility of the cryptocurrency market failing to uphold the $100,000 threshold. This dip also impacted major altcoins such as Ethereum 
$3,417, Solana 
$154, and XRP, with Solana dropping to its lowest level since August 3rd. Analysts are cautioning that the current fragility in the cryptocurrency market might evolve into a more profound correction.
Bitcoin and the $100,000 Pressure
According to Markus Thielen, founder of 10x Research, Bitcoin’s current weakness has turned the $100,000–$101,000 range into a new focal point. Thielen suggests that if the price falls below this range, there is a possibility based on blockchain indicators that Bitcoin could retreat to $94,000 or even further to $85,000. However, he emphasizes that the downside risk is currently limited, and Bitcoin might recover as long as it maintains its position above the descending trend line.
The weak outlook in the cryptocurrency market aligns with the reduced expectations for rapid interest rate cuts from the US Federal Reserve and the rise of the dollar index. As the dollar strengthens, it accelerates the exit from risky assets, intensifying selling pressure on Bitcoin and altcoins.
Magnificent 7 Optimism and Oracle Concerns
At the same time, markets are focusing on the exuberance among tech giants. The Magnificent 7 group, comprising Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla, is witnessing buy options priced higher than sell options. Analyst Neil Sethi, citing Goldman Sachs data, highlights that this trend typically occurs at market peaks and increases the likelihood of a short-term correction.
Concurrently, a sharp rise in Oracle’s credit default swap (CDS) premiums has sparked concerns about its artificial intelligence investments. Following the company’s announcement of large-scale AI investments in its third quarter, risk premiums have surged to their highest levels in recent years.
Experts argue that excessive AI spending heightens vulnerability in both tech stocks and broader risk markets. This scenario sends strong signals of caution for cryptocurrencies as well.
