Market Pullback Slams Crypto to 107K BTC 📉
Mid-Cycle reset or bear trap ahead? 🤔
$BTC dipped below 107K amid trade tensions and massive liquidations wiping 19B, with the whole market down 5% to 3.67T cap. But chill, VanEck calls it a liquidity-driven mid-cycle reset, not a full bear vibes leverage normalized, on-chain activity rising, and global M2 growth signaling bull intact.
History shows October dips often flip to Uptober rallies, especially post-Fed cuts. If you’re buying, eye 100K-102K support for bounces, use oversold RSI for entries, scale in with tight stops below 105K, and watch volume spikes for reversal. Pair with resilient alts like $BNB for diversification. Smart money’s accumulating while crowds panic this could sling us back to 120K EOY.
Degens, you scooping dips or holding cash? Spill your plays, share charts, tag a bull buddy let’s debate or share your thoughts! 🚀