Market pullback – Is the Rally Losing Steam?

🔻 The crypto market is experiencing a correction as Bitcoin ($BTC ) retraces from recent highs. With increased volatility, traders are questioning whether this is a healthy dip or the start of a deeper decline.

📉 Market Overview

🔹 BTC Price: $84,750.25 (-3.12%)

🔹 Support Level: $83,500 – A critical zone for bulls to defend.

🔹 Resistance Level: $86,000 – Needed for a recovery rally.

📊 Key Insights

📌 Altcoins Under Pressure – Major assets like $ETH and $BNB are also showing weakness, indicating a broader market pullback.

📌 Whale Activity Detected – On-chain data suggests large BTC outflows from exchanges, hinting at long-term accumulation.

📌 Traders on Alert – The market is awaiting key macroeconomic updates that could dictate the next move.

🚀 Trading Strategy for Binance Users

🔸 Dip Buyers: Look for entries around $83,500 with a stop-loss at $82,000.

🔸 Short Sellers: A breakdown below $83,500 could trigger further downside.

📢 What’s Your Market Outlook? Will Bitcoin rebound or drop further? Comment below! 👇

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