May will come back soon
fomo right now to scan a bit more short and then you will welcome 9x
fomo right now to scan a bit more short and then you will welcome 9x
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miracle7777
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Will BTC break the 108k mark in the short term (specifically tonight or tomorrow)?
Let's analyze a bit!
Currently, Bitcoin (BTC) is trading around 109,389 USD, having at one point dropped steeply to nearly 105,344 USD before bouncing back—reflecting a retreat from the important resistance area of 108k.
Here are the reasons why BTC may break this level:
1. Decreased expectations of Fed rate cuts
The market is less confident in the Fed’s ability to cut interest rates soon. This leads to a slowdown in the flow of money into risk assets like BTC.
2. Strong technical pressure
BTC just hit a peak and was immediately pushed back, forming a “swing failure” pattern. At the same time, there is negative divergence with RSI, signaling weakening momentum. Large sell orders waiting in the 105k–110k range create heavy pressure.
3. Whales and short-term investors taking profits
Whales have started to sell after a period of accumulation since the beginning of the year. The actual profits across the network have surged, indicating a clear trend of selling to realize gains.
4. Liquidation of Long positions and weak ETFs
When prices drop sharply, many Long positions are liquidated, creating a domino effect. Meanwhile, the flow of money into BTC ETFs has stalled, significantly weakening demand.
5. Lack of new macro catalysts
There are no economic data or events large enough to continue driving the upward momentum. Market liquidity is also thin at the weekend, making prices prone to strong fluctuations in the absence of supporting buying power.
6. Global risk sentiment
Geopolitical risks, negative economic data, and cautious sentiment have led investors to reduce their appetite for risk assets. BTC is therefore heavily impacted.
In summary, factors from technical, money flow to macro are all unfavorable, causing BTC to break through the 108k area.
Let's analyze a bit!
Currently, Bitcoin (BTC) is trading around 109,389 USD, having at one point dropped steeply to nearly 105,344 USD before bouncing back—reflecting a retreat from the important resistance area of 108k.
Here are the reasons why BTC may break this level:
1. Decreased expectations of Fed rate cuts
The market is less confident in the Fed’s ability to cut interest rates soon. This leads to a slowdown in the flow of money into risk assets like BTC.
2. Strong technical pressure
BTC just hit a peak and was immediately pushed back, forming a “swing failure” pattern. At the same time, there is negative divergence with RSI, signaling weakening momentum. Large sell orders waiting in the 105k–110k range create heavy pressure.
3. Whales and short-term investors taking profits
Whales have started to sell after a period of accumulation since the beginning of the year. The actual profits across the network have surged, indicating a clear trend of selling to realize gains.
4. Liquidation of Long positions and weak ETFs
When prices drop sharply, many Long positions are liquidated, creating a domino effect. Meanwhile, the flow of money into BTC ETFs has stalled, significantly weakening demand.
5. Lack of new macro catalysts
There are no economic data or events large enough to continue driving the upward momentum. Market liquidity is also thin at the weekend, making prices prone to strong fluctuations in the absence of supporting buying power.
6. Global risk sentiment
Geopolitical risks, negative economic data, and cautious sentiment have led investors to reduce their appetite for risk assets. BTC is therefore heavily impacted.
In summary, factors from technical, money flow to macro are all unfavorable, causing BTC to break through the 108k area.
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