Bitcoin falls – Price drop of the last hours surprises many
🔍In the past hours, Bitcoin is at around $107,960, a decline of almost 1.6% within just 24 hours. After yesterday's high of about $110,300, there were profit-taking actions, leading to a short-term drop in liquidity – a typical effect in more volatile phases.
🧠 Why the dip?
Macro sentiment: Slight nervousness around US-China trade talks and upcoming data such as US CPI causes hesitation among investors.
Technical indications: Cointelegraph speaks of a consolidation between $106,700 and $108,000, with a risk of a dip down to around $104,900 if the 50-day EMA is broken.
On-chain data: Bitcoin balances on exchanges continue to decline – a sign of long-term accumulation and less short-term selling pressure.
🧩 Trading impulse:
Stop-loss & Limits: Consider a stop-loss just below $107,500 and placing take-profit targets at $109,500–$110,000 – somewhere near yesterday's highs.
❓ Question for you:
How do you deal with short-term pullbacks? Do you use price data alerts and what levels (stop/take-profit) are you currently watching?
👉 Discuss with us – What do you think? Comment below!
If you want to take action: Trade now – in the next 3 hours!
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