📌MARKET ANALYSIS FOR THIS WEEK $BTC
Market is lagging
Implication: Price action is weak or failing to respond to bullish cues, possibly indicating exhaustion or preparation for a reversal.
Potential for a sharp dip:
Bearish sentiment. You're anticipating a correction before any sustainable move up.
$104K as a buy zone (post-confirmation):
This is your key support area or demand zone. You're suggesting patience—wait for the dip and confirmation before entering.
Recent minting of $238M (likely USDT or USDC):
New stablecoin issuance is often associated with incoming liquidity—but can also be used to provide exit liquidity or trap traders.
Expectation: Spike to $109.5K → then correction to $104K:
You're proposing a liquidity grab (stop-hunt) above $109.5K before a deeper retracement to the $104K zone.