Bitcoin’s $107K-118K Abyss: Can Hope Prevail? 💸

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Oh, what a cruel jest is the market, where hope is but a fleeting shadow! Bitcoin (BTC), that most enigmatic of beasts, ascended toward the fabled $110,000, only to recoil like a sinner before the divine, despite the cacophony of bullish whispers-Donald Trump’s $2,000 tariff dividend, a government shutdown’s specter, and the hollow cheers of a nation teetering on the edge of chaos. 🤯

Behold, the XWIN Research Japan, that oracle of despair, proclaims a resistance zone, a wall of stone and sorrow, stretching from $107,000 to $118,000. Here, macro pressures gnaw like rats in the dark, long-term holders (LTHs) flee like traitors, and sentiment, that fickle wench, turns its back on the faithful. 🧠

A Rally Meets Resistance

The price, that capricious jester, leapt on November 9, from under $102,000 to $104,000, as Trump’s promise of a $2,000 tariff dividend echoed like a funeral march. “Ah, the stimulus checks of yore!” cried the hopeful, but alas, the joy was as ephemeral as a dream. 🕯️

On November 10, the price flirted with $107,000, buoyed by the ghost of a government shutdown deal. Yet, the rally, that frail thing, withered like a flower in winter, retreating to $105,000. The Fed, that cold, calculating entity, whispered of a possible rate cut in December, but its voice was but a whisper in the void. 🧊

“First, macro pressure: though the Fed cut rates, Chair Powell’s words were as hollow as a tomb. The market, that fickle lover, turned away, and selling began, like a plague.”

And lo, the Trump administration, that fleeting beacon of hope, stood tall, yet state-level regulators, those vultures, circled, their claws raking the skies of uncertainty. 🦅

But the greatest torment, the XWIN Research declares, is the selloff of long-term holders, those soulless entities who flood exchanges with their coins, creating a friction of supply that devours buying pressure. The LTH-SOPR metric, that barometer of greed, has fallen to 1.6-a number as bleak as a Siberian winter. ❄️

A Market at a Crossroads

Yet, amid this despair, a flicker of hope emerges. MorenoDV_, that seer of on-chain truths, notes the Stablecoin Supply Ratio (SSR) has returned to its lower range-a sign, perhaps, of a coming storm. 🌩️

For the SSR, that harbinger of cycles, has marked the bottom of the abyss before, and now, it whispers of a potential recovery. But will the market heed its call, or shall it continue its descent into the chasm? 🕳️

Doctor Profit, that cautious prophet, warns of a breakdown below the Golden Line, a $99,200 abyss, where all hope may be lost. “A matter of time,” he says, as if time itself were a kindly friend. ⏳

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2025-11-11 21:48