🚨#BitcoinFlash Crash Analysis: What Happened? 🚨

🔹 Market Overview:

Bitcoin ($BTC) reached a new all-time high of $108,300 before pulling back to $106,200 within 20 minutes, losing $2,500 in a quick move. ⚡

Key Notes:

1️⃣ Flash Drop: Heavy selling pressure and liquidation likely caused this sharp drop.

2️⃣ Market Panic: Stop loss activation and fear selling accelerated the decline.

3️⃣ Whale Activity: Increased trading volume suggests that big players led the sell-off. 🐋

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Technical Levels:

🔸 Resistance: $108,300 – A breakout here is crucial for bullish momentum.

🔹 Immediate Support: $106,200 – BTC is currently holding here.

🔻 Critical Support: $105,500 or even $103,800 if selling pressure continues.

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Why did this happen?

🛠️ High Leverage: Liquidation of highly leveraged positions triggered a cascading effect.

📉 Market Exhaustion: Profit taking after all-time high added to momentum.

🐋 Whales Move: Large sell orders disrupted the order book, causing instability.

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Short-Term Targets:

📉 Bearish: Failure to hold $106,200 could lead to a drop towards $105,500 or $103,800.

📈 Bullish: Recovering $107,500 and breaking $108,300 is necessary for recovery.

What do you think? 🤔 Leave your predictions below! 👇