🚨👀Bitcoin remains above the cloud, but momentum is slowing down📉
👉 The Ichimoku Cloud chart for Bitcoin currently shows a relatively neutral to bullish setup. The price candles are positioned just above the Kijun-sen (red line) and the Tenkan-sen (blue line), indicating that short-term support is holding for now.
The cloud (Kumo) ahead is bullish, with the Senkou Span A (green cloud boundary) positioned above the Senkou Span B (red cloud boundary), reflecting a positive trend going forward.
👉 The Chikou Span (lagging green line) remains above the price from 26 periods ago, signaling cautious bullish sentiment.
👉 The price remains above the cloud, which is a bullish area, but sideways action and a narrowing gap between the Tenkan-sen and the Kijun-sen show indecision.
👉 For the bullish trend to gain strength, the blue line must clearly cross above the red line, with a thicker and steeper cloud forming ahead.
👉 However, if the current trend loses strength, Bitcoin could face a pullback to its first key support at $101,296.
👉 A break below that level could push the price back below $100,000, opening the door to deeper corrections at $97,766 and potentially $93,422.
What do you think, will Bitcoin's correction continue or is a rebound coming?