BTC Starts to Correct, Is This Just a Breath or Is It Going Down for Real?"
After BTC broke through $123K, a big red candle appeared on the 4-hour chart.
MACD is starting to show weak signals, RSI is down, and the price has broken MA(7).
But don't panic yet, this could just be a short breath before continuing to fly. ✈️
Important zones right now:
📉 Support: $118,200
📈 Resistance: $123,250
🧠 Focus on the next candle and volume so you don't get stuck at the peak.
🧠 Entry & Exit Strategy:
1. Long Strategy (Buy the Dip)
Entry zone: $118,500 – $118,000
Stop Loss: $116,800 (below MA 25 + minor support)
- Take Profit 1: $121,000
- Take Profit 2: $123,000
- Take Profit 3 (optional): $125,000+
📌 Note: Suitable for daily swing or 1-3 days.
2. Short Strategy (If Breakdown Confirmed)
Entry zone: Break $118,000 + confirmation candle
- Stop Loss: $119,500
- Target 1: $116,000
- Target 2: $114,200
