๐Ÿšจ BTC Cooling Off โ€” But a Major Move Could Be Brewing!

After a strong rally to $123,218, Bitcoin is now pulling back, currently trading around $117,143. While some may see this as weakness, smart traders know this could be a setup for the next big leg up.

The market is simply catching its breath โ€” and this consolidation may give bulls the fuel they need to retake the highs and push beyond $124K.

๐Ÿ“‰ Donโ€™t be spooked by the red โ€” accumulation often happens quietly during these slowdowns.

$BTC

๐Ÿ“Š Why BTC Could Be Preparing for a Big Bounce

๐Ÿ”น Healthy Pullback: BTC has retraced from its local top at $123,218 and is finding support near $116,400โ€“$117,000. This is a normal correction in an uptrend.

๐Ÿ”น RSI Oversold: RSI(6) is now at 31.22, close to oversold territory. This often signals exhaustion in selling and a potential reversal.

๐Ÿ”น MACD Bottoming Out: While MACD is still in the red (-124.58), itโ€™s flattening, suggesting a slowdown in bearish momentum.

๐Ÿ”น Stochastic Reset: K and D lines are near 44 and 51, signaling potential crossover in the bullish zone if buying pressure increases.

๐Ÿ”น Volume Still Solid: Despite the dip, volume remains active, hinting that big players might be quietly accumulating.

$BTC

๐Ÿ“ˆ The Trade Setup: Bounce Incoming?

This is a pullback within an uptrend, a prime opportunity to enter before BTC pushes back toward recent highs.

โœ… BUY ZONE: $116,500 โ€“ $117,300

๐ŸŽฏ TP1: $120,500

๐ŸŽฏ TP2: $123,200

๐Ÿ›‘ SL: $114,900 (just below recent support)

$BTC

BTC

118,216.3

+0.33%

๐Ÿ”ฅ The Bottom Line: BTC is cooling down โ€” not collapsing. The indicators are aligning for a potential bounce from current support, and if it happens, it could be fast and powerful.

๐Ÿ‘‡ Do you think BTC is about to rebound toward $123K again? Drop your thoughts below ๐Ÿ‘‡

โค๏ธ Like if youโ€™re buying the dip โ€” and follow for more sniper trade setups!

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