1. ๐งฉ Macro & Geopolitical Pressure
โโข Inflation cooled off, slashing hopes for a Fed rate cut โ killing risk-on sentiment.
โโข Rising tensions in the Middle East pushed investors toward gold and safe-haven assets, triggering crypto sell pressure.
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โ2. ๐ Technical Rejection + Profit Booking
โโข $BTC hit major resistance around $110Kโ$111K (upper Bollinger Band), which sparked short-term selling.
โโข RSI and StochRSI were in overbought zones โ perfect setup for traders to lock in gains.
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โ3. ๐ฅ Leverage Liquidation Storm
โโข Over $730M in leveraged positions got wiped out in just 24 hours โ around 73% were longs. That added fuel to the fire.
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โ๐ Market Analysis โ What to Watch Next
โ
โ๐ Short-Term:
โWatch the $100Kโ$102K support zone. A breakdown below it could open doors to $95Kโ$98K.
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โ๐ Mid-Term:
โIf $100K holds and macro conditions stabilize, $BTC could bounce back and retest the $110Kโ$112K range.
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โ๐ Volatility Alert:
โExpect wild moves ahead โ next CPI data and global political headlines could flip momentum fast.
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โโ Bottom Line:
โBitcoinโs drop to ~$102K isnโt just panic โ itโs a mix of macro headwinds, technical correction, and liquidation pressure. This could be a healthy consolidation before another leg up. If $100K support holds, bulls might take back control.
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โ๐ฌ Your Turn:
โโข Will $BTC recover and rocket back toward $110K as things calm down? ๐
โโข Or are we heading for another dip to $95K? ๐
โDrop your thoughts below ๐๐
โ
โ#Bitcoin
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