Will BTC drop to 110,000 next week? Technical indicators + bill liquidity drain, beware of bearish signals!
BTC may continue to drop next week, targeting 110,000 USD! From a technical perspective, the weekly upward trend is weakening and entering a period of volatility, with insufficient demand;
The monthly chart is facing pressure. If the weekly chart experiences two consecutive bullish candles followed by a large bearish candle engulfing them, or if it consolidates before breaking the previous high and quickly retracing, these are all bearish signals.
In terms of the market, if the 'Great Beautiful Bill' is implemented, the United States will drain about 486 billion USD in liquidity through bond issuance, directly suppressing BTC prices.
Considering the technical factors and macroeconomic conditions, the probability of Bitcoin dropping to 110,000 is quite significant.
My viewpoint: Don't be misled by short-term fluctuations, beware of bearish signals, and manage your positions!
Some are getting liquidated, while others are trembling. If you are always uncertain, the winning streak of the battle team continues. If you want to know the divine strategy and learn the methods, you can follow Brother Fan's steps.