$BTW is showing strong bullish momentum on the 4 hour chart, climbing toward the major resistance zone at $1.60–$1.61. Price is currently around $1.5153, and buyers are steadily pushing the market higher after recovering from several sharp sell offs. My bullish outlook remains clear: I expect BTW to challenge this resistance and potentially break above it, opening the path toward the psychological $2 target. However, the four major drops marked on the chart are impossible to ignore. Each rally has faced aggressive selling, proving that this market can turn violent even when the overall trend looks bullish.
So, what caused those sudden dumps, and could they happen again? The chart alone cannot confirm the exact cause, but several factors could explain these moves: large holders taking profits, low order book liquidity, aggressive sell orders, and cascading liquidations from leveraged long positions. Token unlock related selling can also add pressure when newly available tokens enter circulation. BTW has had a reported community token unlock around October 2, 2026, which is a factor traders may want to investigate, but it does not prove that the marked candles were caused by unlock selling. These possibilities matter because a single large order in a thin market can trigger stop losses and liquidations, turning a normal pullback into a sudden crash. The same pattern can repeat without warning, even during a bullish trend.
🛑 My main target remains $2, with $1.60–$1.61 as the critical resistance to watch. A convincing breakout supported by strong volume would strengthen the bullish case, while rejection could send price back toward the $1.35–$1.40 area or lower if selling accelerates. I strongly favor the bullish continuation scenario, but no breakout is guaranteed. The opportunity is attractive, yet the repeated dumps make BTW a high risk trade, especially with leverage. Watch the resistance, volume, and selling pressure closely. Bullish momentum is building, but risk management must come before the $2 target.
