📉 Bitcoin retreats to $104K: Is it a healthy correction or the start of a decline?
After touching $111,000 on May 21, $BTC has retreated to $104,000 at the time of this publication. Many are reading it as a bearish signal… but what if it is just a pause within the same bullish cycle?
🔍 Some key data:
The retracement is 6.3%, something common after breaking an all-time high.
The institutional profit-taking after "Pizza Day" was predictable.
There are no negative macro news driving this drop… yet.
What I’m seeing:
Strong support near $102,000–$103,500.
Decreasing volume in the drop, which suggests weakness in the bearish movement.
Whales are not selling. They are just waiting.
📌 What’s my approach?
I’m not panicking.
I expect consolidation and look for entry between $101K and $103K.
I stay exposed but with clear risk management.
👉 Tap $BTC to see the real-time chart and evaluate your strategy.
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