🚨 Market Jitters or Just Noise?
$BTC just dipped below the key $102.8K level amid rising geopolitical tensions following Israel’s latest air strikes on Iran. The result? Over $1.1B in crypto liquidations 💥, S&P 500 futures down 1.9%, while oil & gold shot up. Classic risk-off move.
But here’s what I’m watching closely 👇
📉 BTC has printed 3 straight bearish candles, erasing earlier weekly gains.
📊 Chartwise, we’re still holding within an inverse head & shoulders—a bullish structure if support holds. Rebound from here could push us to the neckline (~$110.5K) and beyond.
📉 However, the CMF is negative = capital outflows.
📉 RSI is in a steep decline, flirting with a support trendline. If it breaks = trouble.
⚠️ If we don’t see a daily close above current levels, BTC could bleed toward $100K or lower. Bulls need to step in here or risk deeper correction.
This weekly close will be critical for momentum heading into late June. Are we in for a fakeout shake or the setup for a new ATH?
📌 My take: The market’s been here before—volatility is the cost of admission. Zoom out, stay sharp, and don’t let noise trade your conviction.