#FedRateCutExpectationsHeatUp 🚨

Bitcoin (BTC) hit new record highs on Monday but has since moved sideways, revealing strong trader indecision. Market sentiment is cooling as many now expect a possible dip below $120,000.

📉 On-chain data from Glassnode shows weakening momentum — the BTC Accumulation Ratio has fallen to 54.42%, down 2% in four days, meaning more holders are selling instead of accumulating. Meanwhile, the Liveliness indicator is climbing, signaling that long-term holders are taking profits — often a precursor to short-term price pressure.

Analyst Liang Qiu notes that both BTC and ETH are fluctuating within narrow ranges, with volatility tightening. On the daily chart, the 7-, 10-, and 30-day MAs are turning downward, showing continued downside pressure.

⚠️ Key levels to watch:

BTC resistance: $123,000

Support: $120,090 (break below may lead to $118,922)

ETH resistance: $4,400, support near $4,280

💡 Strategy Insight:
Short positions around BTC $122,200–$122,700 and ETH $4,380–$4,400 may find favorable opportunities toward support levels if bearish pressure continues.

Without renewed buyer momentum, Bitcoin risks further correction — but a strong wave of demand could push BTC back toward its all-time highs.

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