Bitcoin Flash Crash: Oversold = Buy Zone
Price: $113,423 (-2.61%)
Key Levels: Support $113,107 | Resistance $114,129
Market Update:
$420M longs flushed under $115K, funding rate negative (shorts crowded). RSI(6) at 16.24 → most oversold since 2023. Volume spike ($1.77B) shows capitulation, whales bought 12K BTC at $113.2–113.5K.
Forecast (24h):
Bull case (85%): Bounce toward $114,129 → $115,081.
Bear case (15%): Break $113,107 → $111,500.
Strategy:
Long $113,500 → $114,129 (RR 1:5.6)
Aggressive Long $113,200 → $115,081 (RR 1:8.2)
