⚠️ $BTC #Rejected From $123K — Is This Just a Dip or a Trend Shift?

💸 Current Price: 116,417.01

📉 24h Change: -4.52%

📊 24h High: 122,120.00 | 📉 24h Low: 116,250.00

🔄 24h Volume: 27.66K (BTC), 3.28B (USDT)

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📊 Technical Analysis (Chart Insight)

📌 Sharp Rejection: Bitcoin hit a peak of $123,218 but was immediately rejected — a strong red candle has formed, signaling short-term sell pressure.

📌 Key Support: AVL sits at $117,487. If price can reclaim this, bulls may take charge again.

📌 Structure Note: This could be a healthy pullback within a larger uptrend — price is still well above 90-day trend levels (+38.30%).

📌 Watch Levels: Below $116,000, price could slide toward $112,000–$108,000 zones.

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📰 What’s Driving This BTC Move?

✅ Profit-Taking Post-Rally: After rising from $105K to $123K, many traders are locking profits — normal in volatile markets.

✅ Macro Uncertainty: Some investors expect interest rate news this week from the U.S. Fed, which could temporarily affect crypto demand.

✅ High ETF Volume: Despite the drop, BTC ETFs are still showing high inflows — long-term interest remains strong.

✅ Order Book Support: Buy pressure still outweighs sell (67% green) — indicating whales are likely buying the dip.

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🔮 What Could Happen Next? (Not Financial Advice)

📌 If BTC holds above $116K–$117K, it may reclaim momentum toward $120K+ again.

📌 But if it loses that zone, a dip toward $112K or even $108K is possible before next bounce.

📌 Market reaction to U.S. news + ETF flows will decide the short-term direction.

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⚠️ Final Thoughts:

BTC is cooling off after a massive surge — but no breakdown yet.

Dips like these are common in strong uptrends. If volume stays solid, this might just be a setup for the next push.

Short-term traders should watch for reclaim of AVL ($117K+) to confirm recovery signs.

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