๐ NEUTRAL: #BTCUSD | $BTC | 4h Outlook
๐ก Current BTC Price: ~$118,420 (๐ updated just now)
Bitcoin is holding strong, but the 4-hour chart is flashing signs of exhaustion. A correction might be needed before the next big move. Here's the full breakdown ๐
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๐ Whatโs Happening?
๐ BTC just came off a strong rally, touching close to $119K but struggling to hold above it.
โณ 4h time frame shows bearish divergence on RSI and weakening bullish momentum.
๐งฑ Major resistance at $119,900โ$120,500, with repeated rejection candles forming.
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๐ Short-Term Prediction (4h Chart)
1. Correction Incoming
Price could retrace to $114Kโ$116K โ key support and fair value gap zone.
2. Healthy Pullback
If buyers defend $114K, BTC could consolidate before another breakout toward $123K+.
3. Breakdown Risk
If $114K fails, look for deeper correction to $111K (next major support).
4. Macro Still Bullish
Long-term trend remains intact unless we break down below $111K.
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๐ง Neutral Trade Ideas
โ๏ธ Wait & Watch Mode until correction completes.
๐ข Buy Zone: $114Kโ$116K (ideal for dip entries)
๐ด Invalidation Level: Below $111K = caution, trend weakening.
๐ฏ Upside Targets after correction:
$119K
$123K
$125K
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๐ What To Expect
๐ฐ๏ธ Consolidation or short-term dip before next move
๐ฐ ETF flows & macro sentiment still supporting long-term bullish case
๐ Short-term bearish pressure = natural pause, not reversal (yet)
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๐ฌ TL;DR
BTC is cooling off. A dip to $114Kโ$116K is healthy and likely before the next breakout. No need to panic โ corrections are fuel for stronger moves ๐
๐ Be patient, watch key zones, and donโt FOMO.
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