$BTC ๐จ BTC Alert: Major Correction Unfolding! ๐ป๐
Bitcoin just hit a local high of $122,666, but signs are pointing toward a potential big correction underway! ๐โ ๏ธ
๐ก Price is currently at $122,306.84 (+3.80%), but volume is cooling off and MACD is peaking โ clear signals that the bulls may be losing steam.
๐ A sharp arrow down shows momentum could reverse quickly if support breaks.
Key Support Levels to Watch:
$117,119 ๐ก๏ธ
$110,282 ๐งฑ
$103,446 ๐จ
Indicators Flashing Warning Signs:
๐ธ MA(5) and MA(10) divergence is growing
๐ธ MACD is in overbought territory
๐ธ RSI and Volume show exhaustion
๐ง Smart traders are watching for confirmation candles. If BTC fails to hold $117K support, we could see a deeper dip.
๐ Stay alert. Secure profits. Set stop-loss.
๐ A healthy correction is part of the bull cycle โ don't panic, plan your next move!