📉 BTC Cooling Off After $123K Peak – Bloodbath soon?!🧐

Bitcoin is currently trading at $117,400, pulling back after hitting a high of $123,218. The 4H chart shows a short-term bearish setup:

🔻 Price dropped below EMA(7) & EMA(25)

🔻 MACD turning more negative

🔻 RSI(6) near oversold at 31.73, signaling weak momentum

📊 Key Levels:

• Support: $116K, $112K, $111.7K (EMA200)

• Resistance: $118.5K, $120K, $123K

📌 Short-term outlook: Bearish consolidation or further dip likely unless BULLS reclaim $120K with strong volume.

⚠️ A bounce from EMA200 could reignite bullish momentum — keep a close watch!

Good luck!

#bitcoin #BTCForecast #writetoearn $BTC