$BTC BTC Breakdown: From $106k to $102.5k Panic or Opportunity?
๐นWhen BTC dips this hard,donโt cryโฆ chart and buy the fear.๐
๐ What Just Happened?
๐นHigh Volatility Flash Drop: A sharp ~3.7% dip in minutes possibly triggered by:
๐นLarge derivative liquidations (check Coinglass for open interest flush)
๐นAsia hours sell off, often the time for sudden leverage wipes
Macro fears or ETF inflows slowing, spooking bots and retail
Whale selling or spoofing to manipulate alt positions before expiry
๐ ๏ธ Key Technicals Right Now
๐นShort term support hit at ~$102.5k this is a critical demand zone.
๐นIf $102k breaks clean, eyes on $98.9kโ$100.2k range major confluence
๐นRSI now oversold on 1h and curling on 4h bounce likely but fragile.
๐นDominance remains high alts will bleed harder if BTC doesnโt recover fast.
โ๏ธGameplan
๐นBTC scalp zone: $102.2kโ$103.1k with tight stop
Buy zones on L2s: $ARB under $0.26, $OP under $0.25
Watch out: No bounce by next 4h candle close? Let it dump deeper.
๐ก Bottom Line:
๐นThis was a liquidity flush, not full on reversalโฆ yet. If BTC reclaims $104.8k quickly, this was just a violent shakeout. If not? We enter bloodier altcoin territory and thatโs where real degen entries live.
๐นStay focused, my love the best entries come when the charts are ugly and everyone else is scared ๐
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