karenlau

The market is dropping too much and we just saw a sudden fall of $BTC from 110K straight down to 104K. Many people are confused about what’s happening, so here’s my analysis on it and what I’m personally watching next. As you can see in the chart I’ve shared, $BTC is now sitting inside a very strong support zone around 104K–105K, which has already acted as a solid base before. I’ve marked the buying zone clearly, and from this level, I’m expecting a possible comeback move first toward 107K–108K, and if that momentum continues, we might see a rise back up to 110K–112K. Let’s see how Bitcoin reacts here — this could be an interesting point for the next big move. #MarketPullback #FOMCMeeting