📉 #Bitcoin Slips Below $111K

🟧 $BTC dropped 2.29% to $110,089 in 24h, hit by:

1. 🐋 Whale dump – 24K BTC ($2.7B) caused $4K flash crash

2. 📊 Tech breakdown – $116K support lost, RSI near oversold

3. 🏛️ Fed signals – Powell cooled hopes of fast rate cuts

Key levels:

Support: $109K, then 200 EMA at $100.8K

Resistance: $113.6K

👉 Next catalyst: Sept 12 CPI report

Nevertheless, the Rainbow Chart suggests it’s the perfect time to start buying the asset 😁

#BTC Price Analysis#MarketPullback