‼️🩸🚨Bitcoin $BTC Drops After Hitting 3-Week High
Bitcoin reached a high of $110,273 today but later fell to around $108,800.🩸‼️🚨
🔍 Why the Drop?
Profit-Taking: Traders sold at the $110K resistance zone after recent gains.
ETF Outflows:
After 15 days of strong ETF inflows, there was a pullback with some outflows, causing pressure.
Fed Uncertainty:
Recent weak job data raised hopes of rate cuts, but the Fed later signaled no immediate action, cooling market sentiment.
📊 Current Market Mood:
$BTC remains strong but is facing short-term resistance.
Support level to watch: $105,000–$107,000
A strong break above $110K could renew bullish momentum.
📌 Summary:
#Bitcoin pumped to $110K on ETF excitement but dropped due to selling pressure and cautious Fed signals. Still holding above key support.