📉 Will $BTC/$USDT Pair Hold Above Critical Support Level Amid Musk vs Trump Feud🧭

The market is down 3% to ~$100,500 as Musk and Trump’s feud escalates. Thus far, $308 million in BTC longs were liquidated at ~$100.5k, illustrating forced downside pressure.#

We're seeing a continuous shift in sentiment as BTC briefly decreased below $101k as broader sentiment cooled.

🔍 Technical Indicators

1. Price Levels

Major resistance is witnessed at around $105–106 k (overnight high) with support ranging from $100–101k.

2. Volume & Liquidation Behavior

The sudden dip around $100.5k resulted in a flush of leveraged positions likely fueled a short-term bounce as liquidations exhausted selling pressure.

3. Moving Averages

Short-term likely hugging the lower $102k–$103k zone, acting as a reclaim range.

Longer-term probably remained north of recent highs, still reflecting an upward bias.

4. RSI & Momentum

RSI likely slid below neutral (50), possibly touching mild oversold (<40).

Bounce toward $103.5k hints at a short-term relief rally. RSI approaching 50 again suggests room for further bounces—or range-bound consolidation.

🔮 Outlook & Strategy

1. Short-term trades

Arguably the best time to buy dips near $102k - $103k with tight stops under $101k

Target $105k–$106k trail stops

2. Events to Monitor

Any further Musk–Trump commentary or news → likely to amplify market sentiment swings

Be sure to catch macro crypto drivers: Circle IPO, macro tech moves, institutional flows

3. Mid-Term View

If BTC retakes $106k and steadies above it, then it is a sign of bullish continuation.

If it traps under $101k, then watch for deeper pullback to next support (~$98k)

🧩 Conclusion

The Trump–Musk feud acted as a volatility catalyst in the past 24 hours, triggering range-defining drops and liquidations near $100–101k. As prices rebounded, the key lies in watching whether BTC can hold above the $103k–$104k zone.#TrumpVsMusk