Quote from: Alpen on Today at 04:50:30 AM

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.

This is the not first time this has happened, meaning it has been happening like this for 16 years. Because Bitcoin is now at a height that it is okay to call it better or worse, but according to my results, it has improved a lot and in addition to that there are some problems and the market is also closed due to which it is going down. And the liquidation of its going down has also increased. At this time, the situation can be said that due to which we are successful in creating such an example, but we should not think too much about it because in the coming days the market will improve and we will see a new graph. The fight that is going on between them due to which Bitcoin has also gone down, but in the coming days the price of Bitcoin will improve and that is why we will have good views about it again.