Bitcoin (BTC) has recently flashed a classic Volume Spread Analysis (VSA) “sell signal,” suggesting a sophisticated trap could be in play. After a dramatic spike in trading volume near $110,200—followed by a quick breakdown—this pattern mirrors an “upthrust after distribution,” where institutional players unload to retail buyers before the market turns .
📉 Price Mechanics:
Trap setup: Volume surged, price pushed above resistance, then rapidly collapsed—signaling smart money exit .
Immediate move: BTC dropped from ~$110.2K to roughly $107.8K—about a 2.2% dip .
Critical levels: Watch the $107.2K–$108.4K zone. Holding above this range could trigger a bounce toward ~$110.5K, while a clear break may drag BTC down to ~$105K .
⚠️ Macro Context & Technical Signals:
Bitcoin remains in a volatile range near $105K–$110K, with geopolitical tensions and technical setups influencing direction . Meanwhile, funding rates and other momentum signals remain cautious—hinting that we’re at a turning point .
Outlook:
In the short term, volatility is likely. A reclaim above $110.5K could lure buyers back, but if BTC decisively breaks below ~$107.2K–$108.4K, prepare for a deeper correction toward $105K or possibly $100K. Keep an eye on VSA triggers, volume patterns, and macro headlines to navigate through this potential bloodbath.$BTC