Bitcoin broke key $115K support triggering bear market signals. I analyze the next critical levels and share my trading strategy.Continue reading on Coinmonks »Bitcoin broke key $115K support triggering bear market signals. I analyze the next critical levels and share my trading strategy.Continue reading on Coinmonks »
Bitcoin’s $115K Support Just Failed: What I’m Watching Next
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Bitcoin’s $115K Support Just Failed
I woke up to another crypto reality check this morning. Bitcoin’s pullback has officially begun, and the bears are flexing their muscles once again.
Last Friday, I specifically highlighted the importance of maintaining a high value in the $115,500 area. I told my community that Bitcoin needed to close above this level.
More importantly, I emphasized that we needed to reclaim control at $118,128. We failed both tests.
🐻 The Bear Moon Strikes Again
The breakdown I warned about is now playing out exactly as expected. News-driven traders who jumped in over the weekend based on Jackson Hole optimism are getting liquidated left and right.
I saw $546 million in long liquidations yesterday alone. These FOMO buyers are learning a harsh lesson about crypto volatility.
Market Opportunity
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