$BTC /USDT: Pullback in Motion โ Healthy Correction or Deeper Shift? ๐๐
#Bitcoin has taken a step back. After reaching $123,218, the momentum has cooled, and BTC is now trading near $116,716, down -3.2% in the last 24 hours.
๐ On the 4H chart, the tone has clearly shifted:
- A series of strong red candles shows sellers are now in control
- Price has dropped below the 7-period MA ($119,675) and is testing the 25-period MA ($118,491)
- A deeper support may rest at $116,250 (24h low) or the MA(99) at $111,169
What stands out is the high volume nearly 29,000 BTC traded, totaling $3.49B USDT. That kind of participation reinforces the weight behind this move... This isn't just noise it's a test of market sentiment.
Now, all eyes are on whether BTC can hold these key levels or if there's more downside ahead.