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BTC

Bitcoin Dips Below $123,000 — Monitoring Support for Rebound

I noticed Bitcoin briefly slipped below $123,000, a short-lived test of recent support that highlights elevated intraday volatility.

I'm watching whether this was a stop-run or the start of a deeper correction; on-chain flows and trading volume will show if sellers are gaining control.

For now I remain cautious and prefer to wait for confirmation — a sustained hold above key support or a recovery with rising volume would prompt me to add exposure.

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Analysis

The brief breach of $123k shows short-term selling pressure but not a confirmed trend change. Low-volume bounces point to market indecision; watch support around $123k and look for volume-backed moves...

Recommendation

I'm watching price action. If you’re long, manage risk and consider holding; new entries should wait for confirmation or be approached as a buy-on-weakness with clear volume and accumulation signals.

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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