#BitcoinPriceAnalysis

The cryptocurrency market has entered another round of sharp corrections as geopolitical tensions intensify and the Federal Reserve’s expected rate cut has narrowed from 75 to 50 basis points. This shift in macro sentiment triggered a wave of selling across digital assets.
Interestingly, even one of the previously high-performing whale addresses was forced to cut losses during the latest “buy the dip” attempt — signaling that market volatility has exceeded normal expectations. According to data, total long liquidations in the past 24 hours reached $1.278 billion, reflecting extremely strong bearish sentiment.
Despite the weakness, caution is advised: below $106,000, the market lacks enough counterparties, which may restrict further downside. If Bitcoin rebounds to around $108,000, on-chain data shows that approximately $580 million in short positions could be liquidated — potentially fueling a short-term rebound.
From a technical standpoint, Bitcoin’s moving averages are in a bearish alignment, indicating the market remains dominated by sellers. However, the RSI has entered the oversold zone, and recent candlestick formations — including a hammer and bullish engulfing pattern — hint at a short-term rebound demand.
That said, the broader trend remains weak. Without a noticeable surge in trading volume, a complete trend reversal seems unlikely. The key resistance level to watch today is $107,800. A confirmed break and stabilization above this level on the 4-hour chart could validate a short-term recovery.
Conclusion:
Maintain a sell-on-rallies strategy while monitoring signs of short-covering around the $108,000 level. A technical rebound is possible, but the market’s dominant sentiment remains bearish.