Hello everyone,
The Bitcoin market just went through a strong “brake tap” in the latest session. On the 4H chart (Binance), a deep red candle with high volume dragged the price from around $115,000 straight down to near $108,000 before rebounding slightly to $112,000–$113,000. The Ichimoku cloud was breached, and the short-term structure turned clearly bearish. Two critical Fair Value Gap (FVG) zones can be identified: $115k–$116k near the cloud edge, and $119k–$120k — the previous sideways range top. These act as major supply pockets, where any retest could decide the next trend direction.
On the news side, this drop stemmed mainly from renewed U.S.–China trade tensions. President Biden’s announcement of a 100% tariff on Chinese goods rattled global risk sentiment, causing Bitcoin to fall sharply before a technical rebound. Meanwhile, the U.S. dollar strengthened further amid a government shutdown and the lack of key macro data, prompting short-term capital to exit crypto. The large-scale leveraged liquidation — estimated at billions within hours — amplified the plunge before dip buyers stepped in near the lows.
In the short term, Bitcoin appears to be catching its breath after the intense sell-off. With the September CPI report delayed to 24 October, the market currently lacks a clear catalyst. This means volatility will likely stem from Fed communication and geopolitical events rather than data. A calm before the storm — but one that feels fragile.
Technically, there are two key scenarios to watch:
Overall, this “brake tap” looks like a resilience test for the market — is it just a “technical landing” or the start of a deeper correction? Despite the short-term bearish shift, the $108k–$111k area remains a strong absorption zone, potentially a base for a renewed rally if capital returns.
What do you think — is this dip the prelude to another surge, or a warning that Bitcoin isn’t ready yet?
The Bitcoin market just went through a strong “brake tap” in the latest session. On the 4H chart (Binance), a deep red candle with high volume dragged the price from around $115,000 straight down to near $108,000 before rebounding slightly to $112,000–$113,000. The Ichimoku cloud was breached, and the short-term structure turned clearly bearish. Two critical Fair Value Gap (FVG) zones can be identified: $115k–$116k near the cloud edge, and $119k–$120k — the previous sideways range top. These act as major supply pockets, where any retest could decide the next trend direction.
On the news side, this drop stemmed mainly from renewed U.S.–China trade tensions. President Biden’s announcement of a 100% tariff on Chinese goods rattled global risk sentiment, causing Bitcoin to fall sharply before a technical rebound. Meanwhile, the U.S. dollar strengthened further amid a government shutdown and the lack of key macro data, prompting short-term capital to exit crypto. The large-scale leveraged liquidation — estimated at billions within hours — amplified the plunge before dip buyers stepped in near the lows.
In the short term, Bitcoin appears to be catching its breath after the intense sell-off. With the September CPI report delayed to 24 October, the market currently lacks a clear catalyst. This means volatility will likely stem from Fed communication and geopolitical events rather than data. A calm before the storm — but one that feels fragile.
Technically, there are two key scenarios to watch:
- Scenario 1 – Base case: Bitcoin retraces and then falls again. After a major liquidation, price often revisits the nearest supply zone — in this case, $115k–$116k. If reversal signals appear (pin bar, engulfing pattern, or weakening volume), BTC could drop back toward $110.5k–$111k, or even retest $108k. A break below that level opens the door to $105k–$106k — a former balance zone.
- Scenario 2 – Deep recovery: Price could continue to fill the upper FVG. A 4H close above $116k with sustained momentum could lift BTC toward $119k–$120k. A decisive breakout with expanding volume would confirm a medium-term bullish reversal, targeting $122.5k–$125k.
Overall, this “brake tap” looks like a resilience test for the market — is it just a “technical landing” or the start of a deeper correction? Despite the short-term bearish shift, the $108k–$111k area remains a strong absorption zone, potentially a base for a renewed rally if capital returns.
What do you think — is this dip the prelude to another surge, or a warning that Bitcoin isn’t ready yet?
Nota
Sorry for the mix-up — I genuinely meant Trump, not Biden.
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Trade Gold, Forex, Bitcoin – the market moves fast, grab your edge today!
👉🏻Join here: t.me/+jBAj1Jdf4vY1NzM1
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.