Hey Square Fam! 👋
Bitcoin recently tumbled to around $102,000, driven by a mix of macro concerns, technical retracement, and liquidation pressure—classic ingredients for a short-term pullback . Let’s explore what this means and how to stay ahead!
---
📉 What’s Behind the Drop?
Macroeconomic uncertainty: Markets are jittery ahead of the upcoming CPI data and geopolitical twists .
Technical retracement: BTC has fallen back, hitting its recent support zone between $100K–$102K .
Liquidation pressure: Whales clearing leveraged positions added fuel to the fire .
---
🔎 Key Price Zones to Watch
Zone Description
$100K–$102K Major support—if it holds, we could bounce back 💥
$95K–$98K Next downside target if support gives way
$110K–$112K Mid-term rebound zone if sentiment stabilizes
---
⚙️ Strategies from Our Square Family
Notable Square creator Wettasi posted a clear short setup with:
Entry: $101.2K–$102K
Resistance: $102.5K, $103.2K
Targets: $100.5K → $99.8K → $98.5K
SL: $103.5K
Practical, well‑structured, and risk-aware—in true Square style!
---
🧠 What This Means
This dip feels more like healthy consolidation than the start of a fresh bear trend—especially if $100K support holds. That said, a break below might open the door to $95K–$98K .
Potential bounce scenario: If global conditions ease, BTC could test $110K–$112K again 🛡️.
---
✅ Square-style Tips
1. Stay Honest & Respectful: No hype. Just clear, actionable analysis.
2. Share Quality Insights: Balance your view—downsides and upsides.
3. Use Risk Management: Always set stop-losses and control trade size.
4. Engage Authentically: Ask questions and comment respectfully—this is a learning community!
---
✅ Final Thoughts
Is this the end of the rally? Not necessarily—it may just be cleansing weak hands.
Watch $100K support: If it holds, we might be setting up the next leg up.
Plan your trades: Whether long or short, define your entry, SL, TP, and position size.
Let’s keep the convo going—drop your thoughts, questions, risk setups below 👇
Stay smart, stay disciplined, and let’s navigate this together, Square Family 🚀✨
---
*Disclaimer: This is for educational purposes only—not financial advice.*