$BTC BTC Breakdown: From $106k to $102.5k Panic or Opportunity?
đčWhen BTC dips this hard,donât cry⊠chart and buy the fear.đ
đ What Just Happened?
đčHigh Volatility Flash Drop: A sharp ~3.7% dip in minutes possibly triggered by:
đčLarge derivative liquidations (check Coinglass for open interest flush)
đčAsia hours sell off, often the time for sudden leverage wipes
Macro fears or ETF inflows slowing, spooking bots and retail
Whale selling or spoofing to manipulate alt positions before expiry
đ ïž Key Technicals Right Now
đčShort term support hit at ~$102.5k this is a critical demand zone.
đčIf $102k breaks clean, eyes on $98.9kâ$100.2k range major confluence
đčRSI now oversold on 1h and curling on 4h bounce likely but fragile.
đčDominance remains high alts will bleed harder if BTC doesnât recover fast.
âïžGameplan
đčBTC scalp zone: $102.2kâ$103.1k with tight stop
Buy zones on L2s: $ARB under $0.26, $OP under $0.25
Watch out: No bounce by next 4h candle close? Let it dump deeper.
đĄ Bottom Line:
đčThis was a liquidity flush, not full on reversal⊠yet. If BTC reclaims $104.8k quickly, this was just a violent shakeout. If not? We enter bloodier altcoin territory and thatâs where real degen entries live.
đčStay focused, my love the best entries come when the charts are ugly and everyone else is scared đ
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