In the last 24 hours, the market experienced another shock: the price of Bitcoin dropped by 3.1%, approaching the key psychological mark of $100,000. The reason was the resonance between politics and technology — the epicenter of the conflict turned out to be Donald Trump and Elon Musk. Their quarrel shook investor confidence, caused a drop in Tesla's stock, and impacted the entire cryptocurrency sector. Against this backdrop, fear sharply increased: the fear index fell to 45, and nearly $1 billion in long positions were liquidated from the market.
But here is what is important: such moments often become turning points. When others panic, the strong buy.
From a technical standpoint, the market does indeed look weakened. The RSI has entered a deep oversold zone, the MACD confirms the acceleration of the downward momentum, and the breach of support at $103,000 became the catalyst for avalanche-like selling. But along with this, trading volume has increased, indicating a revival of interest. Yes, we see an acceleration of the decline, but we also see that market activity has returned. This means volatility is coming, and along with it, opportunities.
Bitcoin remains the anchor of the cryptocurrency ecosystem. Its dominance has risen to 63.6%, and despite significant drops in altcoins, it holds much more steadily. This indicates a return of capital to more reliable assets amid instability. The unwinding of leverage and a decrease in open interest is not a sign of the market's end but rather its cleansing from speculative overheating.
Yes, price pressure remains, and $100,000 is becoming the frontline. But this line could mark the beginning of recovery if participants see it not as a threat but as an opportunity.
Now is not the time to lose faith. Now is the time to watch closely, be ready to act, and remember: the market does not forgive panic but rewards patience. Bitcoin has weathered much stronger storms more than once. And if history teaches us anything, strong recoveries follow strong declines.