$BTC retraced -9.2% from $124.4K high to $112.9K with weaker capital inflows indicating investor reluctance at elevated levels 📉💪. Current realized cap growth at +6%/month vs +13%/month during initial $100K breakout 📊⚡️.
#BITCOIN on Daily TF, failed to flip the resistance area, and had a clean drop from there. Price broke the support area and now near to its next support zone around $106,000 - $106,450. We already warned about the market now still small drop can come, so plan the trades accordingly.
ARB is currently rebounding from the lower support trendline of the falling wedge pattern with rising volume, signaling strong accumulation.
A confirmed breakout above the resistance line, followed by a successful retest, would validate the bullish reversal setup and open the path for a significant upside move.
Bitcoin is facing rejection from the resistance trendline of the descending channel and is currently moving downward. A potential rebound is expected from the support trendline, which would keep the pattern intact.
However, a decisive breakdown below the support trendline would invalidate the channel structure and could trigger further correction in the market.
#AI is been moving with in the large consolidation range between the key support zone of around $0.11 and resistance at $0.13. The range is large enough to take some scalp and intraweek moves. A clean swing buys or sells can be take the break.