The crypto markets are in turmoil. On Friday, Bitcoin (BTC) plummeted to an intraday low of $112,680, marking a nearly 3% drop before bouncing slightly above the $113K level.
🟥 Total market cap shrunk to $3.66 trillion📉 Bitcoin dominance: 61.4% | Ethereum: 11.4%
🇰🇷 Notably, BTC is trading at a $950+ premium in South Korea, a sign of increasing regional demand.
🧨 What’s Driving the Selloff?
Consolidation Breakdown: BTC had been holding above $116K for weeks — Friday's dip breaks that structure.
Altcoin Pain: ETH fell 6.9% to $3,463. BNB, XRP, SOL, DOGE, ADA and others also slid between 3–7%.
Market Sentiment: Fear is rising. Indicators suggest indecision — but not yet capitulation.
Only a few tokens—like PUMP (+1.65%), ENA (+0.9%), and LEO (+0.2%)—managed to stay green.
📊 Technical Breakdown
🕹 Daily Chart
BTC is hovering at the critical $114K–$115K support. Seller volume is declining — a possible sign of exhaustion.
🕹 4-Hour Chart
A strong bearish structure is still intact. Watch for a double bottom at $114K. Rejection near $117K may trigger shorts.
🕹 1-Hour Chart
Small candles + low volume at local lows hint at base building. A bullish engulfing above $114.5K could invite scalpers.
📈 IndiIndicatorsl
RSI: 46 (neutral)
CCI: -258 (bearish)
MACD & ADX: bearish momentum
Short-term MAs: bearish
Long-term MAs: still bullish
🔮 What’s Next?
🟢 Bullish Case:
If BTC holds above $114K and reclaims $118K with volume, it could mark the end of the pullback and restart the uptrend.
🔴 Bearish Case:
Lose $114K? Expect an accelerated move toward $113K or even $112K. This would invalidate near-term bullish setups.
🗣 Your Turn:
📍 Are we near capitulation — or is this just a healthy dip before liftoff?
📉 Will BTC bounce or bleed further?
Sound off in the comments. 📢👇
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