Why did $BTC crash hard after touching $108,899?
The answer lies in one word: liquidity. After reaching that level, $BTC sharply reversed to hunt fresh liquidity. When the breakout was confirmed, many traders jumped into long positions, expecting a new all-time high. And while $BTC will likely reach that milestone, it first needs to grab liquidity from both sides of the market.
So, what's next for $BTC?
Will it crash down to $100,000, or is it gearing up for a breakout to a new ATH? If the price can hold above $104,000, there’s still potential for another leg up. However, due to strong market manipulation, it’s nearly impossible to predict the next move with certainty at this point.
I’ll update once the direction becomes clearer. For now, it’s best to hold your capital tightly and avoid trading in this uncertain zone.
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