Bitcoin Drop Below $104K As Bearish Sentiment Dey Grow, Eye $100K Support
Bitcoin don drop like 1% for the past 24 hours, e come fall below $104,000 after e dey waka small-small between $100,000 and $110,000. Over $450 million liquidation enter market—$387 million na from long position dem—as on-chain metrics dey show say leverage don reduce and open position dem decrease. Retail people mind don fall reach the lowest since April, but big holders still dey collect more. Technical indicators still dey bearish: 4-hour MACD negative and RSI dey 44. Geopolitical wahala for Middle East and U.S. Fed interest rate policy dey make traders cautious. Key levels to watch na $100,000 support and resistance near $106,672 and $109,000. To sabi if breakout or more fall go happen, people must dey watch whale movements, sentiment change and on-chain data well.
Bearish
Di kombain update dem dey show sey selling pressure don dey increase as BTC fall below di critical support of $104K, dis one na because of high liquidations, negative momentum indicators (MACD, RSI) plus low retail sentiment. Whale accumulation and reduced leverage mean say rebound fit happen, but geopolitical risk and Fed policy still make di short-term bias dey for further downside, wey make near-term outlook bearish but long-term accumulation fit cool tins down.