Shocking explosion!!! $BTC has plummeted to 110,000. Is this the end of the bull market???
Recently, Bitcoin has also been on a downward trend to around the 110,000 mark, leaving many bullish brothers in tears. Actually, with many holding onto their profits at high positions, we can only observe the fluctuations in market trends over the past few days.
Today, I will summarize two important reasons for everyone:
1. Institutions are turning against us: Grayscale sold off 12,000 BTC, MicroStrategy liquidated to repay debts.
2. Policy negativity: SEC delays + tariff storm, market sentiment collapses.
Brothers, don’t lose heart.
Here’s a strategy idea for today’s Bitcoin from Chuang Ge:
Bulls: If it drops to around 110,700, you can enter with a small position to test the waters, and if it breaks above 111,500, you can add more and aim to exit at around 112,800 for profits.
Bears: At the current price around 113,000, a pullback to around 114,000 can be an opportunity to try entering with a small position, and if it drops to around 111,200, hold and wait for further developments, aiming to exit for profits around 110,000.
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