$BTC
📈 Bitcoin Update:
🪙 BTC/USDT (4H Chart)
✅ The target of $119,000 that we set for you in all previous updates has been reached, and from there the price has started to decline slightly.
• The current drop in the market is normal due to the significant increase in long futures positions with the rise yesterday, and the price often drops to liquidate those positions before continuing to rise.
• Most of the liquidation positions are concentrated around the $116,000 area, followed by $114,200, and I consider these to be strong support areas. In my opinion, Bitcoin will not correct strongly until it gives the altcoins another chance to continue rising.