BTC Drops Like a Rock! What’s Next? 🧨📉

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Oh no! Bitcoin has taken a nosedive, leaving traders in a state of panic. It’s like the crypto world’s version of a breakup, but with more graphs and fewer tears. 🚨💸

Just when we thought things were looking up, the sentiment turned bearish. CryptoQuant says futures traders are now more cautious than a cat in a room full of dogs. 😼📉

Unless the bulls can rally faster than a cheetah on caffeine, Bitcoin might be heading for a deeper correction. It’s like watching a soap opera, but with more numbers and less drama. 📈😢

The Bitcoin Advanced Sentiment Index: A Tale of Two Moods 🧠📉 Top analyst Axel Adler is throwing his hands up in despair, calling the index a rollercoaster. It’s like a party where everyone’s leaving early. 🎉💔

The rebound is like a temporary band-aid on a broken leg. It’s better than nothing, but still pretty grim. 🩹📉

If the bears take over, BTC could hit $112k, which is like the crypto version of a “I told you so” moment. 🧠💥

BTC Loses Key Support: Is This the End? 🚨📉 Bitcoin has officially lost its support, which is like losing your keys in a snowstorm. It’s a mess, but maybe there’s a silver lining. ❄️💸

The 12-hour chart shows rising volume accompanying this breakdown, adding weight to the bearish move. BTC now trades below the 50-day SMA, confirming weakness in short-term structure. It’s like a bad date that never ends. 😅📉

The 100-day and 200-day SMAs remain well below current price action, suggesting that the macro trend is still intact. However, immediate momentum has clearly shifted, and bulls must reclaim the $117K area quickly to invalidate this breakdown. Or else, prepare for a crypto apocalypse. 🌍💥

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2025-08-01 19:55