#Bitcoin Trading around $117.4k

The crypto market dipped 0.51% in the past 24 hours, though it remains up 10% over the week.

Key factors include profit-taking after ETF-driven gains, overbought technical signals, and geopolitical uncertainty from U.S. tariff announcements.

✔️ETF Inflows Cool-Off –

$1.02B U.S. Bitcoin ETF inflows on July 11 marked a 7-day streak, but traders likely locked in profits.

✔️As per Technical Analysis –

RSI (90.35 on 7-day) signaled extreme overbought conditions, inviting a pullback.

✔️Trade War Jitters –

Trump’s 30% tariff announcement on EU/Mexico triggered risk-off sentiment.

Now the current price of $BTC is-

CONCLUSION-

Today’s dip reflects natural profit-taking after a parabolic rally, amplified by geopolitical noise. With Bitcoin’s RSI resetting and ETF inflows still robust, the bull case remains intact.

Watch for how tariffs affect equities Monday – a Nasdaq slump could extend crypto’s correction, while stability might reignite momentum.

Also, Monitor the real-time #etf flow data and BTC’s $111k-$113K support level too..

Anyways,

#DYOR always and Trade Wisely by using #StopLoss

It's #Write2Earn topic too..