Bitcoin’s Dance: $106K or $108K? 🕺💸

At this hour, Bitcoin lingers near $106,700, a stone’s throw from the 200-day EMA, that venerable line which has, time and again, demarcated the realms of bull and bear. The recent tumble from $120,000 unleashed a cascade of forced selling, a domino effect of liquidations and collapsing open interest. Ah, the cruelty of the market-how it feasts on the hopes of the long-positioned! 🦈




