⚠️ Is a Bitcoin Short Signal Brewing? 🧐
BTC is hovering near $120K–$122K, pushing against its all-time high zone—but traders are watching closely for a short signal. Here’s what’s developing:
📉 Bearish Signs Emerging:
RSI divergence on 4H & Daily ⚠️
Heavy resistance at $123K 🚧
Leverage & open interest spiking 📊
Overextended rally after 25%+ gain in weeks 🏃♂️💨
🔥 But bulls still in control—for now:
$1.18B ETF inflow in a single day 💼
Crypto Week in U.S. = Bullish Regulation Buzz 🇺🇸
No confirmed breakdown yet—BTC consolidating at highs
🔍 Short Setup? Watch These Levels:
Rejection from $123K 🔺
Breakdown below $117K 🔻
High funding rates = risk of long squeeze 💣
📌 Conclusion:
Short signal not confirmed, but early signs are flashing. Stay alert—this could flip fast.