Bitcoin Correction for September Fit Test $100K
Di Bitcoin September correction fit make BTC test $100K level after $15B options expiry wey trigger drop go $110K. Ethereum come drop under $4,360 as whales dem reportedly manipulate leverage during di monthly close. Historically, di Bitcoin September correction wey large options expiry dey cause dey force liquidation before e stabilise, often e dey clear way for Q4 rally after small shakeout. Meanwhile, global M2 liquidity wey reach new high show say di underlying bullish momentum still dey intact. Traders suppose dey watch key levels: if e break below $109K e fit carry BTC go $103K–$107K, but if e reclaim $116K e fit mean say renewed upside dey. For ETH, support near $4,100 plus resistance at $4,450–$4,600 go important. Overall, dis Bitcoin September correction look like normal shakeout, no be trend change, e dey give potential entry points before possible Q4 rally.
Bearish
Di article talk, e tok about big options expiry wey pressure Bitcoin down to about $110K, wey make e possible say e fit drop below $100K for early September. For past times (2017, 2021), big options expiry dey cause short-term liquidation and market wahala. Even though global liquidity dey rise, show say e get underlying strong demand, the immediate market response fit be negative as traders dey reduce risk and comot leverage. Support fit come from $107K to $103K before e fit bounce back. So, for short term, the effect for trading and market feeling na bearish even though long term fundamentals dey bullish for possible rally for Q4.