🧐 Price $BTC Currently: Light Correction or Start of Bear Market?
Bitcoin briefly dropped from ATH around $123K to $117.5K, leaving many questions — is this just a healthy correction or a sign of a worse turbulent swing?
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🔍 Macro Sentiment & Regulation
• US Crypto Week is happening now: legislation like the Genius Act and Clarity Act are nearing final decisions, providing various positive sentiments for the crypto industry  .
• Bitcoin ETF inflows remain high—> reinforcing institutional demand ().
• The US dollar briefly strengthened, but predictions for interest rate cuts remain intact for the second half of 2025 → a macro condition that supports risk assets like BTC ().
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📈 Technical Analysis
• Nearest support around $117K–$118K (20‑day EMA) and $114K–$115K (50‑day EMA) .
• Daily RSI >80 → overbought condition, indicating potential short-term correction, but bullish momentum remains strong as long as there is no breakdown at key support .
• Cup-and-Handle pattern on the weekly chart supports continued bullish prospects up to $140K–$150K if a breakout occurs ().
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🛡️ Strategy & Risk Management
1. ⏳ Wait for a correction to support $117K–$118K before new entry
2. ❌ Stop-loss below $116K if breakout fails
3. 🎯 Profit target: $125K–$130K, stretch to $150K if strong breakout
4. ⚠️ Risk exposure: maximum 1–2% per trade, use trailing stop 2–3% to protect position