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The post Bitcoin Risks Breakdown as RSI Slips, $100K Support Under Fire appeared first on Coin Edition.

Bitcoin faces critical support at $100K, with $96K as the next target if breakdown occurs.

Skew and Altcoin Sherpa highlight weak weekend liquidity and a low-volume gap below current levels.

RSI at 39.5 reflects declining momentum and potential for further downside.

Bitcoin entered the weekend under selling pressure, testing major technical levels amid declining momentum and thin weekend liquidity.

Analyst Altcoin Sherpa highlighted the $100,000 level as a critical support zone. He warned that a breakdown below this area could trigger a sharp decline.

The chart shows Bitcoin forming a potential distribution pattern near the top, with repeated retests of the $100,000 support.

Altcoin Sherpa stated that if this level breaks, the next key area to watch is $96,000. He noted that this level aligns with the point of control (PoC) from November 2024 and the 200-day exponential moving average (EMA), adding to its significance as a possible bounce zone.

$BTC

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management tips. Create a post with #ScalpingStrategy to unlock a
share of 10,000 USDC!

$BTC is moving quietly — and that’s your first warning sign.

At first glance, the market feels calm...

But behind the scenes, the trap is forming.

---

⚠️ Here's What’s Really Happening:
Whales are laying bait for unsuspecting retail traders
Engineered short squeezes are popping up across exchanges

Fake breakouts and breakdowns are being used to trap both bulls & bears.

$BTC

Momentum is surging by the day as more buyers race to join what analysts are calling one of the most strategic early entries of 2025.

MAGACOIN FINANCE’s combination of limited supply, politically charged branding, and a fully audited smart contract has created a powerful wave of interest that is only accelerating.

#USNationalDebt The U.S. national debt has hit a record high of $37 trillion, with 25% of
tax revenue now going to interest payments.
How do you think this will impact crypto markets - Will more
investors turn to BTC and stablecoins as alternatives, or will it impact all
risk assets? How are you positioning your portfolio?

Explore my portfolio mix. Follow to see how I invest!

What's your go-to swing trading strategy? How do you decide when to
enter or exit a trade?
Create a post with #SwingTradingStrategy، to unlock a share of 10,000
$USDC

Circle's U.S. stock rose nearly 13% in pre-market trading, currently reported at $225.78.

Airwallex founder stated: 'It's time to short Circle...'
Insiders: Revolut is actively exploring the issuance of its own stablecoin.

The Bitcoin sidechain project Plasma, focused on stablecoins, plans to launch its mainnet in late summer 2025.

Bitcoin on-chain transaction volume hits an 18-month low, as the hype around Runes and Ordinals fades.

$BTC

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#XSuperApp Elon Musk's social platform X is planning to launch investment and
trading features as part of its push to become an all-in-one "super app".
Users will soon be able to make payments, invest, and trade within the
platform, with a credit or debit card possibly launching later this year
Do you think X will support crypto? Would you use X for payments and
trading? What would it need to offer to compete with existing platforn

Stablecoins are hot right now. Circle's stock is soaring. The (GENIUS Act) is moving forward in Congress. But none of that is the point.

The real change is hidden in plain sight. Stripe has just acquired a crypto wallet company, Shopify is making stablecoin payments the default option, and Amazon and Walmart are reportedly building their own stablecoins.

When the world's largest retailers start bypassing traditional banks to save billions of dollars in fees, it's more than just crypto adoption.

$USDC

#CryptoStocks Circle (CRCL) surged 34% to a new all-time high after the U.S. Senate passed the GENIUS Act — fueling optimism for stablecoin regulation and crypto equities. With Circle’s blowout IPO, many now see this as the start of a broader wave of crypto public listings.
💬 Is this real investor demand driving crypto IPOs — or just short-term hype? Which crypto companies do you think are next?

On June 18, JPMorgan announced the pilot launch of a deposit token called JPMD, deployed on the Coinbase-supported Base blockchain. It is expected that in the coming days, JPMorgan will transfer a certain amount of JPMD from its digital wallet to Coinbase, the largest cryptocurrency exchange in the U.S.

Initially, this token will only be used by JPMorgan's institutional clients, with plans to gradually expand to a broader user base and more currencies following regulatory approval in the U.S.

JPMD will pilot for several months and may have interest-earning capabilities in the future.
The launch of JPMD is not a hasty decision. As early as 2023, JPMorgan began researching the feasibility of deposit tokens in its blockchain division Kinexys.

Just one day before the announcement of the JPMD pilot, it was discovered that the bank applied for the 'JPMD' trademark, which covers features such as cryptocurrency trading, payments, and custody. At that time, there was speculation that this would signal JPMorgan's entry into the stablecoin market.
$USDC

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#GENIUSActPass GENIUS Act passes U.S.Senate with 68-30 vote
A major step toward a regulated stablecoin framework in the U.S
1 Could pave the way for faster payments
M Puts the U.S. closer to embracing digital asset innovation
Major companies reportedly exploring stablecoin issuance
Next stop: House review, followed by the STABLE and CLARITY Acts.
Ih| What role should stablecoins play in the future of finance?
Share your thoughts - utility, adoption, or something else?

#FOMCMeeting With the Fed's May FOMC meeting approaching, CME "FedWatch" data
shows only a 2.7% probability of a 25 bps rate cut in May. As rate cut
expectations continue to be pushed back, how should investors adjust
their crypto and risk asset allocations? Join the discussion!

Despite optimism, XRP faces significant hurdles:
Market Cap Concerns: Even $48.03 implies a $4.8T market cap, 4x Bitcoin’s current $1.07T, requiring unprecedented adoption, per CoinGecko.

Velocity Dynamics: High token velocity reduces capital needed, capping prices at $8.50 with a velocity of 5, per The Crypto Basic.

Competition: SWIFT’s blockchain advancements and stablecoins could outpace XRP, per Forbes.

Escrow Risks: Ripple’s 41B escrowed tokens could suppress prices if released, per The Motley Fool.

$BTC

#VietnamCryptoPolicy is gaining attention as the government explores clearer regulations for cryptocurrencies and blockchain technology. With rising adoption and a vibrant crypto community, Vietnam is positioning itself as a regional leader in Web3 innovation. A well-defined policy could attract global investment, foster innovation, and ensure user protection. As regulatory frameworks evolve, the future looks bright for blockchain startups and crypto enthusiasts in Vietnam. Will Vietnam become the next crypto hub in Southeast Asia? The world is watching closely.

#MetaplanetBTCPurchase Metaplanet Inc. has announced the issuance of $10 million in
zero-coupon corporate bonds to further increase its Bitcoin
holdings.What's your take on companies issuing debt to accumulate
BTC? Is it a smart hedge against inflation, or a risky bet that amplifies
exposure to volatility?
Feel free to share your thoughts in the comments!

The SEC has approved Trump Media’s $2.3B Bitcoin Treasury deal — enabling the company to raise funds and buy BTC, becoming one of the largest public Bitcoin treasuries. It also filed for a Truth Social Bitcoin ETF, aiming to give shareholders direct BTC exposure.

$BTC