Basic Points:
-
The Bitcoin Surfs Exchange Order-Book Liquidity as a huge captured cliff around $ 120,000.
-
Bid support suggests a return below $ 119,000 in the next as part of an expected retest.
-
An entrepreneur is warning a potential “pump and dump” ploy to trample the late consumers to a higher level.
Bitcoin (Btc) Combined -Is acquired on Monday of Wall Street tomorrow as analysts that are bbraced for a BTC price correction.
BTC price cools in the middle of the “rug pull” warning
Data from Cointelegraph Markets Pro and Tradingview BTC/USD showed up $ 121,000 as the first US trade session began.
New all-time highs close to $ 123,250 have been trapped by a blistering rally earlier today, with Bitcoin still more than 10% a week.
While many expect the market to stop for breathing after fast upside down, the indicators of the material resource of trading are careful.
“Don’t be jailed!” It warned its followers Latest post on x.
“The $ BTC to buy the wall at $ 120.5K seems to be there to attract the late ones before a support test.”
An accompanying chart showed order-booking for the BTC/USDT trading pair in the largest global exchange exchange.
“Watch a rug pull if the price is close,” the material indicators added.
“The top of the cycle is not yet, but there must be a support test before a sustainable running by $ 130K.”
Number Cointelegraph reportedOrder-booking manipulation plays an important role in short-term BTC price action in recent months, with big businessmen changing bids and asking around to attract prices in a certain direction.
The latest data from Coinglass On the day the main support starting at $ 118,800, leaving the door open for a nearly 2% correction to the next.
Total BTC short liquidations in 24 hours until the time of writing is $ 432 million.
“We need to be aware of more manipulation,” Crypnuevo’s famous businessman continued In his own X review during the day.
“It can also be part of a pump-and-dump weekly pattern. Caution.”
Pro entrepreneurs remained “selective” at $ 120,000
In the midst of the lack of classic signs of “Fomo,” the trading firm QCP Capital has seen the land for continuous optimization.
Related: BTC Price in ‘Crisis Mode’ at $ 123K: 5 Things to Find In Bitcoin this Sunday
“This may reflect a well -known dynamic market, and the same can be said for ETH,” it wrote to the latest bulletin subscribers on the Telegram channel.
“Another consideration is that merchants may be selective to express views in the direction by forever instead of options, given the high cost of optionality in the fast-moving market.”
The QCP suggested that traders could hedge against low-timeframe volatility “while maintaining a longer bullish perspective.”
“We will maintain our structural bullish view at BTC, supported by the ongoing institutional flow and Macro tailwinds,” he concluded.
“However, at current levels, we prefer to be selected and prevented from chasing the rally in favor of positioning a pullback, it should happen.”
📈 Bullish: Anthony Pompliano calls Bitcoin the “greatest show on Wall Street” as ETFs, wealth, retail and sovereign funds that have been pierced at all times high. pic.twitter.com/rdte3po49r
– Cointelegraph (@cointelegraph) July 14, 2025
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
