Bitcoin Faces Critical Resistance After Massive Drop and Triangle Tightening

Bitcoin experienced a significant $160 million long liquidation and a drop below $103K, indicating intense selling pressure and market cleansing. However, signs of reduced leverage, supply scarcity, and increased stablecoin reserves suggest potential for stabilization and a gradual recovery if key support levels hold. The market appears to be resetting, with cautious optimism for a possible rebound.