Bitcoin (BTC) for either a relief rally or a deeper correction toward 2024 lows.
The "State of the Market" Update
The recent crash was a "perfect storm" of macro and technical triggers:
Liquidity Crisis: Over $2.5 billion in leveraged long positions were liquidated in a single 24-hour window, accelerating the slide below the $80,000 psychological floor.
Macro Headwinds: Sentiment has been dampened by U.S. tariff policy uncertainty (specifically the "Liberation Day" fallout), a partial U.S. government shutdown, and rising geopolitical tensions in Iran and the South China Sea.
The Gold Divergence: Interestingly, BTC has failed to act as a hedge during this period, even as gold and silver suffered their own massive single-day crashes.
Technical Analysis: Key Levels for Next Week
Bitcoin is currently trading in a "danger zone" where former supports are flipping into resistance.
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