#Bitcoin : Shakeout or Setup for a Reversal?

$BTC slipped 0.8% to $111,145, extending a 10% weekly drop.

Behind the move — a perfect storm of macro tension, leverage purge, and technical breakdown.

Macro: Trump’s 100% China tariff reignited trade war fears, sending risk assets lower.

Leverage: $19B wiped out in 24h — the biggest liquidation event in crypto history.

Technical: RSI hit 27.8, oversold zone. BTC now hovers near key support at $109K.

This isn’t a collapse — it’s a market reset.

Excess leverage is gone, ETF flows paused, and sentiment is washed out.

If #BTC holds $109K, expect a relief bounce.

Lose it — and we retest $102K before a potential recovery.

Smart money is watching, not panicking.