Bitcoin keeps falling — is a short-term breakout unlikely?
$BTC is testing key support levels, and market sentiment is turning cautious. Several analysts warn of further downside risks unless a strong reversal emerges.
@YSI_crypto:
Now that support has broken, avoid chasing short-term longs — unless it’s a fake breakdown followed by a strong rebound. Otherwise, price may fall into the previous “acceleration gap,” with potential support near $110K.
@DaanCrypto:
$BTC is testing the lower bound of its range after sweeping local liquidity. The sell-off is largely driven by Galaxy Digital, which transferred over $2B in BTC to exchanges — the same whale holding 80K BTC. If this range breaks, $113.5K could be a key level to watch.
“I’m staying flat and waiting for the dust to settle.”
@wukong2021:
After a sharp drop, BTC touched strong support at $115,200, but the rebound is weak. If it remains below $116K through the day, another leg down to around $112K is likely during the U.S. session.
@trader1sz:
$BTC just broke last week’s low. If a fakeout and signal appear (arrow), I might consider a long — either in BTC or switch to $ETH or $SOL, which look relatively stronger.
Otherwise, I’ll wait for a deeper pullback to previous highs before acting.
#Bitcoin
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