🚨 Bitcoin Price Action Update

1️⃣ Record-Breaking High & Pullback

BTC spiked past $124K to set a new all-time high, but momentum faded. Price corrected 4–5%, now holding around $117K–$118K.

2️⃣ Indicators in Focus

RSI is neutral—neither overbought nor oversold.

Possible bull trap forming as breakout quickly reversed.

Holding above $117K is crucial to avoid deeper correction.

3️⃣ Key Levels to Watch

Resistance: $123K–$124K — breakout here could trigger new highs.

Support: $117K — losing this may open doors to sharper declines.

📊 Wrap-Up

BTC is stuck between strong resistance and solid support. Volatility is high—great opportunities, but caution is key.