Bitcoin may make correction movement to support level

7月13日

Hello traders, I want share with you my opinion about Bitcoin. Price recently printed a new ATH at 118800 points and then began to show signs of correction. Before this breakout, the price was stuck in a long downward channel, where it bounced inside the buyer zone (103000–103800) several times and reversed upward. After the final breakout, BTC entered a range phase between the support level (103800) and the support area (110300–111300), building energy before the massive move. Once the price escaped this range, a strong impulse up followed, pushing BTC above all major levels and reaching a new high. However, after hitting the ATH, the price started to stall and consolidate. Currently, we can see signs of weakness at the top — the structure is forming lower highs and looks unstable, which may indicate a potential retracement. Now the price is trading above the support area, but I expect a corrective move back toward the current support level at 110300. This level aligns with the top of the previous range and now acts as strong demand. That’s why I’ve set my TP at 110300 level — right at the beginning of potential buyer interest. Please share this idea with your friends and click Boost 🚀

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7月14日

交易手动结束

Price continued to grow and reached a new ATH. Maybe later it can be corrected, but now I think it continues to rise.