$BTC
"BTC down ~4–5% from the record, still strong to rise again 🚀"
💵 Today's price: $116.7 K, down about 4.9% from the peak at $123K on July 14—reasonable profit taking after the recent rally.
📉 Market sentiment: There is short-term selling pressure—profit-taking range by long-term investors (glassnode: long holders realized nearly $2 billion in profit.
📊 Technical: BTC is now consolidating in an upward channel. Critical support at $112K–110K and the next resistance at $120.5K–122.
🏛 Macro factors: "Crypto Week" in the US – 3 crypto bills (Genius Act, Clarity Act, Anti-CBDC Act) are being discussed, creating positive mid-term momentum.
🚨 Brief conclusion: This is a healthy consolidation in an upward trend. Buy-the-dip opportunities in the range of $112K–110K are still open.
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🎯 Call to Action
➡️ What can you do today?
Intraday traders: Monitor bounce or rejection in the $118K–120K zone for swing strategy.
Long-term investors: Consider gradual accumulation (sats cost averaging) at support $112K–110K.
📣 "Would you buy this dip? Share your opinion in the comments!"