BTC faced a sharp rejection near $109,000, forming a double wick a strong sign of a reversal. Price is now pulling back quickly with downside pressure increasing.
I am surprised by the many people who have a capital of $50-100 and are not able to make a profit from it. In other words, according to my experience in the field, if you have this capital, the minimum you can make a net profit from it per month is $300-500, but some people lose it. It is strange.
Just like in the previous BTC update we had predicted that BTC could go up to 107/109k and now you can see it has reached there and it was also mentioned that BTC will drop from there. Still, the same scene is building in the market again, FOMO buying is happening and longers are getting active. The market can dump the rejection level will be 107/109k you can keep an eye on these levels and support can be formed around 103/104500 inĀ theĀ shortĀ term.
BTC May Hits $110K Today!? Hereās What Youāre NOT Being Toldā¦
š„Bitcoin just smashed through the $110,000 mark ā but wait, is this the real bull run⦠or just a perfect setup to trap the masses? 𤯠The crypto streets are on fire š„ and $BTC is leading the parade. From whales to weekend warriors, everyoneās watching the charts. But behind the pump, something deeper is happening ā and smart traders are paying close attention.
š Hereās why this move might NOT be what it seems: Liquidity was cleared below $105K ā perfect bait for longsFunding rates are skyrocketing ā are you being lured in?Order books show heavy sell walls ā whales might be waiting for YOU On the surface, this looks like Bitcoinās moon mission has officially launched. But dig deeper, and it could be the bull trap of the decade. Will we blast to $120K? Or crash back to reality? š This isnāt just another price move. This is a moment that could define the rest of the cycle. š¬ So whatās your play? Are you buying, selling, or waiting in the shadows? Drop your strategy below ā letās talk charts, traps, and triumphs. š§
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