📉 $BTC Crashed Again — Bears Still Guarding the ATH Gate
Bitcoin just dipped back to its $110K–$111K support zone, reigniting fears that the bulls still aren’t ready to reclaim the all-time high.
But is this just another shakeout—or the setup for a bigger move?
🔍 What’s Happening Now
- BTC dropped from $118K to ~$113K, testing key support
- ETF outflows hit $642M, dragging sentiment lower
- RSI sits near 43, not yet oversold
- Fear & Greed Index dropped sharply — now in neutral zone
- August historically delivers -8% average returns for BTC
🧠 What Analysts Are Watching
- $110K–$111K is the critical floor. If it breaks, next support sits near $90K
- If bulls defend this zone, a bounce toward $118K–$123K is possible
- TD Sequential flashed a Buy Signal on the 12-hour chart — a potential reversal setup
- Accumulation is rising quietly — $18M+ BTC left exchanges in 24h
📈 What’s the Next Move?
- Bullish Scenario:
Bounce from $111K → reclaim $115K → retest $123K ATH
Trigger: ETF inflows, Fed rate cut optimism, macro relief
- Bearish Scenario:
Breakdown below $110K → slide to $105K or even $90K
Trigger: Hawkish Fed, weak demand, continued ETF outflows
This isn’t just price action—it’s a battle of conviction.
Smart money is watching the $110K zone like a hawk.
If it holds, the next leg up could be explosive.
If it fails, prepare for deeper consolidation.
What’s your move? Are you buying the dip or waiting for confirmation?
