$BTC BULLISH formation 🟢 holding up for some 3 days now with slight weakness starting to show. Momentum 🔵 has not improved just yet. $112k(white box) is also resistance
What was supposed be a $BTC consolidation above 120k became a violent dip all the way back to the white box($112k-$105k), creating chaos and cascaded liquidations.
After giving us a $12,000 candle last week and also reaching a new high of $126,272 in the last 48hrs, $BTC gets some correction as over-confident/late longs get liquidated.