📉 $BTC just wrapped up July with a -4.26% weekly candle — the first real dip in weeks. Correction? Sure. But if history rhymes, this could be a third base forming before the next leg up. 🚀
Let’s break it down👇
🔹 Base #1: Formed near $77K → Launched to $109K
🔹 Base #2: Built at $105K-$109K → Blasted to $123K ATH
🔹 Now? We’re 4 weeks past ATH, with a new dip.
📍 Eyes on $110K–$119K zone as potential support.
There's a juicy liquidity cluster at ~$114.5K ($24M in shorts), and if price sweeps that? It could spark the next move. But here’s the catch:
❗Volume's lacking.
❗Buy-side is weak.
📊 Binance spot orderbook leans toward sellers, and bulls haven’t shown real accumulation strength yet.
Until we see stronger bids & green volume stepping in, any breakout setup remains fragile. 📉
This isn’t FUD — it’s re-accumulation with caution.
Let the market come to you. No need to chase.