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Bitcoin
Short
Updated

Bitcoin on the edge – Is a sharp drop coming?

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Bitcoin is keeping investors on edge as price action remains volatile and primed for an explosive move once news or capital flows ignite the market.

🌍 Latest market updates:
– Whales are back in accumulation mode, with on-chain data showing large wallets growing rapidly.
– The U.S. government has just transferred a significant amount of BTC to exchanges — is a dump coming?
– U.S. spot Bitcoin ETFs are witnessing record inflows after CPI came in lower than expected, fueling hopes that the Fed will pause further rate hikes this year.

📉 Technical outlook:
– On the H4 chart, BTC formed a tightening wedge pattern, which has now broken to the downside.
– A steep drop toward the 113,000 to 110,000 USD zone is entirely possible.

This looks like a classic break-retest setup — a golden window for strategic entries. If sell volume surges, it could be the perfect moment for bears to strike.

Stay sharp — and good luck!
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