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BTC

Bitcoin corrects 4% from ATH — watch momentum for next move

I see Bitcoin has pulled back about 4% to $117,460 after a short run to a $124,480 record high. The drop looks like a volatility-driven correction triggered by inflation data rather than a clear trend reversal.

Technically, RSI sits in neutral territory and momentum indicators are mixed, so there is no decisive edge yet. I am watching price action around current support and looking for confirmation before changing exposure.

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Analysis

Price decline appears to be a reaction to macro data rather than technical failure; RSI is neutral and other momentum measures disagree, implying consolidation or continued choppy swings until a clear...

Recommendation

Monitor key support and resistance levels and avoid initiating large directional bets now; consider buying only on confirmed weakness or clearer bullish confirmation.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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