"Is this a correction or a whale trap?! Bitcoin at a crossroads after a historic rise" 🔥👇
The analysis not only hit the target... it scored the goal and the assist!
Since April 27 we said:
"Breaking $99,474 opens the way to $104,000.
Today?
Bitcoin reached $111,980... and then?
A clear correction occurred... and that’s very normal after a violent rise.
So what next? Is this a collapse? Or a pause and continue?
Let’s see the picture from the whales' perspective and the indicators:
Strong support at $104,406 and $105,318.
A critical level at $107,016 = the area of willpower testing.
RSI is currently near 21 = a clear oversold area.
MACD is negative but it's also nearing saturation.
What’s the likely scenario?
A technical rebound from these areas is not out of the question, especially if the whales are the ones liquidating temporary short positions.
But...
A clear break below $104,000 with high momentum could open the way for a retest of $102,000.
We are at a crossroads...
And those who observe instead of predicting are the ones who win.