$BTC 🚀Bitcoin Tests Key Support Amid Market Turbulence!
The BTC/USDT pair is currently trading at $114,705.7, down 3.09% in 24h, as Bitcoin struggles to hold above critical support levels. With a 24h range of $114,674.3–$117,552.7, volatility remains high ahead of key macroeconomic cues.
Key Drivers:
Technical Crossroads: Immediate support at $114,650 (August low) faces pressure, while resistance looms at $117,500. A break below could target $112K (Matrixport warning).
Whale Activity: Binance dominates liquidity, with $9.05M+ buy orders spotted near $114,700, signaling accumulation.
Macro Risks: Fed Chair Powell’s Jackson Hole speech and $5B ETH liquidation warnings weigh on sentiment.
Pro Tip: Watch for a rebound above $115K to confirm bullish momentum. Staggered buys at 3% dips could capitalize on swings.
🔔 Will BTC bounce or dive deeper? Stay tuned!
*Trade responsibly!*
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