๐ $BTC 110K Defense | End of the Bull or Just a Shakeout?๐ฅ๐น๐ฅ๐น๐ฅ
Bitcoin plunged to $110,700 this week, triggering $640M in liquidations in a single day. OG whales dumped, some 7-year dormant coins rotated into ETH, while retail quietly kept stacking sats. Rumors are flying: is $100K the next stop? ๐ Macro Backdrop Powellโs dovish tone โ rate-cut odds now near 90% PCE inflation data coming up โ the last key catalyst before the September FOMC U.S. equities pulling back + CME gap reopening = thin support below โ๏ธ Key Levels Support: $110K, $105K (lose these โ panic flush to $100K) Resistance: $115K, $118K (fading volume + RSI divergence = tough breakout) ๐ฏ Trading Playbook Conservative: Stay sidelined. Wait for PCE data to confirm direction. Aggressive: Scale small longs above $110K with stops at $108K. If it breaks, reload near $100K. Swing: Avoid the $115Kโ$118K chop zone. Better to buy a clean breakout or a deeper pullback. ๐ Takeaway This isnโt the end โ itโs a market filter test. Holding $100K will decide whether the bull run takes a breather or if the tide really turns. ------------------------- ๐ $BTC 110K Defense Battle๏ฝIs the bull market over or is it a panic washout? Bitcoin plummeted to $110,700 this Monday, with a single-day liquidation of $640 million. OG whales are dumping their positions, while 7-year-old funds are converting to ETH, but small holders are still quietly accumulating. Market rumors are flying around: Is the next stop a retracement to $100K? ๐ Market Background After Powell's dovish stance โ Interest rate cut expectations nearly 90%, risk assets briefly overshoot. The PCE inflation data is set to be released, becoming a key catalyst before the September decision. US stocks pull back + CME gap reappears, Wall Street opens with thin support below โ๏ธ Key Level Support: $110K, $105K (if it can't hold, panic will rush to $100K) Pressure: $115K, $118K (declining volume + RSI divergence, difficulty in rising) ๐ฏ Operation Strategy Conservatives: Wait and see, wait for the PCE data to clarify the direction before entering the market. Aggressive buyers: Buy small positions above 110K, set stop loss at $108K; if it drops below, buy again near 100K. Swing traders: Avoid the resistance zone of $115Kโ$118K, wait for a breakout or a deep pullback to reposition. ๐ Conclusion BTC This wave is more like "whale profit + retail trial", it's not the end, but a choice of sides. Breaking or not breaking 100K will determine whether the bull market is a transition or a true retreat. #BTCking #Gate Square Qixi Celebration #Commerce Dept. Goes On-Chain #Google Cloud Unveils L1 chain GCUL
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
๐ $BTC 110K Defense | End of the Bull or Just a Shakeout?๐ฅ๐น๐ฅ๐น๐ฅ
Bitcoin plunged to $110,700 this week, triggering $640M in liquidations in a single day.
OG whales dumped, some 7-year dormant coins rotated into ETH, while retail quietly kept stacking sats.
Rumors are flying: is $100K the next stop?
๐ Macro Backdrop
Powellโs dovish tone โ rate-cut odds now near 90%
PCE inflation data coming up โ the last key catalyst before the September FOMC
U.S. equities pulling back + CME gap reopening = thin support below
โ๏ธ Key Levels
Support: $110K, $105K (lose these โ panic flush to $100K)
Resistance: $115K, $118K (fading volume + RSI divergence = tough breakout)
๐ฏ Trading Playbook
Conservative: Stay sidelined. Wait for PCE data to confirm direction.
Aggressive: Scale small longs above $110K with stops at $108K. If it breaks, reload near $100K.
Swing: Avoid the $115Kโ$118K chop zone. Better to buy a clean breakout or a deeper pullback.
๐ Takeaway
This isnโt the end โ itโs a market filter test.
Holding $100K will decide whether the bull run takes a breather or if the tide really turns.
-------------------------
๐ $BTC 110K Defense Battle๏ฝIs the bull market over or is it a panic washout?
Bitcoin plummeted to $110,700 this Monday, with a single-day liquidation of $640 million.
OG whales are dumping their positions, while 7-year-old funds are converting to ETH, but small holders are still quietly accumulating.
Market rumors are flying around: Is the next stop a retracement to $100K?
๐ Market Background
After Powell's dovish stance โ Interest rate cut expectations nearly 90%, risk assets briefly overshoot.
The PCE inflation data is set to be released, becoming a key catalyst before the September decision.
US stocks pull back + CME gap reappears, Wall Street opens with thin support below
โ๏ธ Key Level
Support: $110K, $105K (if it can't hold, panic will rush to $100K)
Pressure: $115K, $118K (declining volume + RSI divergence, difficulty in rising)
๐ฏ Operation Strategy
Conservatives: Wait and see, wait for the PCE data to clarify the direction before entering the market.
Aggressive buyers: Buy small positions above 110K, set stop loss at $108K; if it drops below, buy again near 100K.
Swing traders: Avoid the resistance zone of $115Kโ$118K, wait for a breakout or a deep pullback to reposition.
๐ Conclusion
BTC This wave is more like "whale profit + retail trial", it's not the end, but a choice of sides.
Breaking or not breaking 100K will determine whether the bull market is a transition or a true retreat.
#BTCking
#Gate Square Qixi Celebration #Commerce Dept. Goes On-Chain #Google Cloud Unveils L1 chain GCUL