$BTC is currently consolidating above $116K, after pulling back from its $123K all-time high. While the broader uptrend is still intact, there's increasing uncertainty in the charts — and BTC’s next big move could be right around the corner.

🔍 Daily Chart Highlights:

•BTC has broken below its long-standing ascending channel.

•Holding just above the 100-day MA (~$110K) — a crucial support zone.

•RSI near 51 = neutral sentiment.

•If $110K fails, eyes are on the $100K support and 200-day MA.

📉 4-Hour Chart:

•BTC is trapped in a descending channel, but…

•It’s showing signs of a breakout after reclaiming the $116K resistance.

•RSI > 50 ➜ bullish shift detected.

•Rebound from 50% Fibonacci suggests potential for a run back toward $123K ATH.

🐋 On-chain: Whale Watch

The Exchange Whale Ratio is flashing red — reaching its highest since 2023. Historically, this hints at possible profit-taking or distribution.

⏳ Summary:

A break above $116K could trigger another leg up, while a failure to hold $110K opens the door to $100K. Eyes on whale moves and key support levels in the coming days.

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