The analysis begins by noting a Bitcoin flash crash attributed to a Trump social post and its connection to broader stock index declines. Bitcoin has three convergence levels of support that may drop to $110000. Mentioning a long entry at the $118000 level. Focus on maintaining low risk and protecting capital is paramount. The analysis speculates that Bitcoin's decline could be tied to its status as a risk-on asset. It presents short-term advice based on a 1-hour chart downtrend, suggesting the short position's profit objective set to 117,050 then potentially invalidated, also a Fibonacci support level around 111,000. A potential drop toward the CME futures gap at 110-113k. It recommends observing market patterns from the daily charts for actionable signals. The discussion of support, the RSI for Bitcoin, and the need to hold off until the uptrend are validated.