On the BTC/USDT chart, $BTC
within the 4-hour timeframe, bearish momentum has clearly taken control, with selling pressure intensifying following a rejection at the 119,800 resistance level. This downward move has been further confirmed by the Parabolic SAR indicator flipping direction, signaling the establishment of a definitive downtrend. Support levels are steadily being breached — from 115K to 113K — and the price has already touched as low as 112,000$
The Parabolic SAR has decisively broken below at 115,200$ reinforcing bearish sentiment in the market. There is no clear bullish structure in formation, and volume analysis reflects a lack of strong buyer presence. Even without referencing the RSI, it's evident that buyers have retreated while sellers continue to drive prices down, likely triggering a wave of stop-loss orders.
The overall outlook can be summarized in one word: fear.
The current chart reflects a textbook representation of capitulation. Market sentiment has shifted away from FOMO (Fear of Missing Out) into a full-fledged FOLE — Fear of Losing Everything. As the decline continues, further dips toward the 111,600 level remain possible. Bears are dismantling leveraged long positions, while bulls appear to be clinging to hopes of last week’s bullish momentum.