🚨$BTC Bitcoin’s Decisive Break Below 111K — A Market Turning Point

The crypto stage has shifted dramatically. Bitcoin now trades at 111,732 USDT, slipping –1.41% in the past 24 hours, after breaching the once-critical 112,700 support. The fallout? A staggering $3B in long positions liquidated, shaking confidence across exchanges.

🔑 Market Drivers:

A rising wedge breakdown fuels talk of a deeper plunge — with 88K USDT as the bearish target.

Jackson Hole Fed jitters magnify uncertainty, while a 24,000 BTC whale transfer accelerated the selloff.

Regulation twist: Trump’s proposed 401(k) crypto allowance divides sentiment, fueling both optimism and caution.

📊 Trading Lens:

The new resistance sits at 112,700, with 110,680 as the level to defend. MACD prints bearish, RSI drifts weak, yet contrarians eye opportunity — with 67% of traders still holding bullish conviction despite the breakdown.

🌍 Big Picture:

Institutional flows continue — Cantor Fitzgerald’s $1.2B BTC buy anchors long-term confidence, while CeDeFi innovations promise yield alternatives. The road to 88K looms as a test, but the next Fed signal could redraw the chart.#BTC $BTC #BTC☀ #defi $TRUMP #BinanceSquareTalks #Binance