โ ๏ธ Is a Bitcoin Short Signal Brewing? ๐ง
BTC is hovering near $120Kโ$122K, pushing against its all-time high zoneโbut traders are watching closely for a short signal. Hereโs whatโs developing:
๐ Bearish Signs Emerging:
RSI divergence on 4H & Daily โ ๏ธ
Heavy resistance at $123K ๐ง
Leverage & open interest spiking ๐
Overextended rally after 25%+ gain in weeks ๐โโ๏ธ๐จ
๐ฅ But bulls still in controlโfor now:
$1.18B ETF inflow in a single day ๐ผ
Crypto Week in U.S. = Bullish Regulation Buzz ๐บ๐ธ
No confirmed breakdown yetโBTC consolidating at highs
๐ Short Setup? Watch These Levels:
Rejection from $123K ๐บ
Breakdown below $117K ๐ป
High funding rates = risk of long squeeze ๐ฃ
๐ Conclusion:
Short signal not confirmed, but early signs are flashing. Stay alertโthis could flip fast.
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