✨ Last week ended with a net outflow from spot BTC ETFs, according to SoSoValue, but the higher timeframe structure remains intact.
On the 1M chart, BTC after making a top near $126,199 has corrected to $83,284 and is now holding above the MA(7) at $73,860. With RSI at 56.86 resetting to neutral and volume cooling off, this looks like a healthy reset.
The market consensus is clear - BTC is still in a cyclical bull market, and this pullback from ATH is seen not as a decline, but as a correction and a buying opportunity.
