$BTC Down Trend Started

📉 Current Price:

117,126.38 USDT

📊 Recent Price Action:

Local High: 123,218.00 USDT

Local Low: 98,200.00 USDT

24h High/Low: 119,676.73 / 116,128.00

Change Today: -0.94%

📈 Trend Analysis:

There has been a strong uptrend from the 98,200.00 support level to a recent peak at 123,218.00.

Now a minor pullback is occurring from that high, with price consolidating around 117,126.

📉 Support and Resistance:

Immediate Support: ~113,460 (prior consolidation zone)

Next Support: ~107,957 / 102,453

Resistance: 118,964 and 123,218 (recent peak)

📉 Volume & Moving Averages:

MA(5): 12,380.81 (short-term average)

MA(10): 16,351.11

Volume recently declined, suggesting less momentum in current candles.

If the price continues dropping on low volume, it may signal temporary consolidation, not a full reversal.

📊 Performance Summary:

Last 7 Days: -2.31%

Last 30 Days: +13.51%

90 Days: +28.15%

1 Year: +75.74% → strong long-term bullish trend

✅ Outlook Summary:

The trend is still bullish, but short-term correction is ongoing.

Watch support around 113k–114k; holding that zone could offer a rebound setup.

Break above 119.6k could re-test 123k+ highs.

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