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The drop in Bitcoin is really at a critical point, and I would say the charts strongly imply that if we don't see a recovery, then the immediate risk is a further drop to 107,000.
The stage at which that bearish scenario becomes obvious would be if Bitcoin cannot get above the 114,700 to 115,000 area and starts to make new lows under 113,000.
Great analysis! I'm also Bullish and think good correction chance
CryptoLoverArtist
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Crypto Crossroads: Will Bitcoin Drop Before the Moonshot?
#Bitcoin has returned to its weekly pivot, hovering cautiously ahead of a pivotal Fed announcement. With only a 5% chance priced in for a rate cut today, traders are watching closely—not for immediate action, but for signals pointing to a September shift.
But underneath the surface, market structure is turning more bearish. Both Bitcoin and top altcoins have been carving out lower highs and lower lows, setting the stage for a potential deeper correction before any meaningful upside. 🚨 Market Setups and Sentiment
Despite repeated shakeouts, there's still a mild long leverage bias across the board—a setup that often precedes downside pain. From a contrarian view, a short-heavy positioning going into the Fed would be more bullish, but retail seems misaligned for now.
Liquidation data from Hyblockcapital suggests pain points loom $BTC at $116,000 and $114,000—zones of high-probability liquidations. Meanwhile, upside liquidation targets reach as far as $130,000, reinforcing its status as a magnet level if bulls regain control. 📊 Indicators Flash Mixed Signals The Biyond Atlas—a key overbought/oversold tool—continues its worrying climb, rising 6 points daily, but still not yet flashing extreme signals. Paired with the Vanguard (green on the weekly), this hints at a possible "pump & dump" setup before the market cools off.
If Bitcoin pushes into the red zone while Atlas climbs higher, it may be a prime exit signal for risk-conscious traders. If Bitcoin pushes into the red zone while Atlas climbs higher, it may be a prime exit signal for risk-conscious traders. 🧭 Two Key Scenarios on the Table
Scenario 1:
Bitcoin makes a clean breakout above $120,000, accelerates past $127,000, and targets the $130,000+ range. This move would align with the Crypto Total Market Cap (CTMC) topping around $4.66 trillion, before a corrective phase back to $3.60 trillion. ally filling the CME futures gap. This retracement would drag CTMC down to $3.60 trillion earlier than expected—clearing out leveraged longs—before bouncing back towards $130K later in the year.
🧠 On-Chain and Technical Clues
117,600 has become a key pivot—watch for a 12-hour close below this for bearish confirmation.Whale entries around $75,000 mean large players are still hungry for a $130K–$140K profit window.Unrealized profits across the market are at record highs, signaling a likely push by big players to 'pump and dump' before exiting safely.MACD divergence suggests CTMC could still fall to $3.60T before reversing.Biyond Challenger is nearing an 8-hour buy signal—supporting the idea that a short-term drop may precede the next rally.
🧾 Final Take If Scenario 2 plays out and we tag $114K first, the downside may be more limited than previously expected. That dip could reset the board, set up stronger technical footing, and ultimately send the market surging beyond $5 trillion in total cap—with Bitcoin climbing toward a $150,000 target.
The next 24–48 hours could determine whether this is just another dip—or the calm before the crypto storm. Stay sharp. This isn't just a market correction—it could be the launchpad for the next parabolic leg.
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