According to @CryptoMichNL, altcoins saw a harsh drop while Bitcoin returned to a range-bound setup, keeping immediate momentum weak for traders, source: @CryptoMichNL on X, Aug 15, 2025. According to @CryptoMichNL, the short-term trend is down, signaling caution on longs until momentum shifts, source: @CryptoMichNL on X, Aug 15, 2025. According to @CryptoMichNL, $120.5K is the key resistance level and a breakout above it would indicate potential new highs, making it a decisive trigger level for BTC, source: @CryptoMichNL on X, Aug 15, 2025. According to @CryptoMichNL, he noted that this $120.5K level was lost, reinforcing a bearish short-term bias until reclaimed, source: @CryptoMichNL on X, Aug 15, 2025.