Morning BTC Analysis
Key Resistance Levels: $117,750 (4-hour Bollinger Band Upper Band), $120,000 (Psychological Level)
Core Support Levels: $114,700 (EMA30), $112,500 (Fibonacci 61.8% Retracement Level)
Risk Threshold: If it falls below $112,500, it may trigger long position stop-losses and accelerate the descent to $110,000
Hold $114,700 for bullish outlook, break $112,500 for hedging, aim for $117,750 to test short.” $BTC