๐จ ๐ ๐ฎ๐ท๐ผ๐ฟ $BTC & ๐๐น๐๐ฐ๐ผ๐ถ๐ป ๐จ๐ฝ๐ฑ๐ฎ๐๐ฒ ๐จ
Within just one hour, Bitcoin dropped from $114,700 to $110,600 โ a sharp $5K move that swept through the CME gap, FVG, and liquidity zone that had been forming for weeks. With this move, the range finally got completed.
Whatโs interesting is that while BTC dumped heavily, altcoins held up much better. Now, if Bitcoin closes the daily candle above $112,600โ$113,000, we could see a rally toward the $120K area. But if it closes under $112K, the next leg down may take us closer to $105K.
Thatโs how bull markets work: sharp red candles after strong rallies, followed by quick recoveries. No need to panic โ โ $ETH dropped to $4700 earlier but already bounced back to $4750 after touching a new ATH of $4950.
This is classic whale behavior โ market makers flush out leveraged longs before driving ETH above $5K. Thatโs why itโs safer to hold spot positions โ instead of using leverage.
Right now looks like a solid opportunity to accumulate quality altcoins. A small BTC bounce could set off a huge altcoin rally ๐.
For investors, consider putting around 10% of capital into strong projects now, and use DCA if the market dips further.
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