📉 “Dump Again” — Is the Crypto Market Near Its End?

In a recent post on Binance Square, analyst Crypto Mechanic discussed the latest crypto market drop and compared it with past corrections in gold and stocks. He noted that while the market is lagging, the current decline seems different from October’s — this time, it’s spot holders losing confidence rather than leverage traders.

Mechanic explained that Bitcoin’s weekly structure remains intact, with no close below $107,000, and $98,000 still acting as a strong support. As long as Bitcoin stays above that level, he maintains a bullish long-term outlook, despite short-term weakness.

On the daily chart, however, Bitcoin remains bearish below $116,000, with $112,000 identified as a key resistance zone. Until BTC reclaims that level, he expects more sideways movement and altcoin weakness.

Mechanic advises traders to avoid over-risking, stay patient, and let the market stabilize — emphasizing that the weekly trend is still positive unless Bitcoin closes below $98K.

Key takeaway: Short-term bearish, long-term bullish. Wait, don’t panic — structure remains intact above $98K.

(Disclaimer: Third-party opinions, not financial advice.)