As I expected, whales started offloading their bags just below $106K. That bounce from $104K was likely a classic bull trap — reel in retail, dump into the liquidity.
What now?
A clean break below $104K could easily trigger new local lows and panic selling. That’s why I trimmed 25% of my position — small profit, but safer than riding blind.
Honestly, sideways chop is our best-case scenario for now. No real forecast makes sense until the Middle East situation cools down. If Israel strikes Iran’s oil infrastructure, BTC could tank hard. But if we get even a short pause in the conflict, we might see $105K broken and $109K tested soon after.