#BTC# / #USDT# 1D

The rejection at $123K (PMH) perfectly coincides with massive outflows of spot Bitcoin ETFs in the United States 🔴

The data doesn't lie 👇

📈 EARLY JULY:
> Inflows of $600-750M
> Break towards new ATH
> Bullish market structure intact

📉 JULIO TARDÍO - AGOSTO:
> Outflows of ~$600M
> Technical rejection confirmed
> Correction of 9.10% from highs

This means that the drop we have experienced may not be a simple temporary correction and we should be alert.

🎯 KEY LEVELS TO WATCH:

> Resistances:
$123,218 (PMH) - rejected ❌
$115,764 (MO) - critical equilibrium zone

> Supports:
$113,945 - current price 👀
$110,529 (FVG 1W) - gap to fill
$105,100 (PML) - major support

What can we expect in the coming days in Bitcoin?

⚖️ PROBABILITIES:
> 50% consolidation $110-115K
> 30% recovery towards ATH
> 20% deep correction

🔍 TAKEAWAY:
We are in institutional redistribution. The behavior in the $110-113K zone will determine whether it is a healthy correction or a structural change.

Whales are taking profits after 7 months of rally 🐋 try not to become their exit liquidity.