1. Summary
$BTC Bitcoin is pulling back from peak ~124k down to around ~114–115k; short-term view neutral → cautious, waiting for support retest to probe.
• Price: ~114.7k USDT.
• Main catalyst: profit-taking after ATH + concerns about price data (PPI/inflation) affecting interest rate expectations.
• low-risk trade — probe on retest support or buy breakout following momentum.
2. Market overview
The market is under pressure due to liquidation waves and profit-taking after a strong increase; macro (Jackson Hole/Fed signals) is influencing risk appetite.
3. Technical analysis
Short-term bias: mildly-bearish/neutral if below ~118.8k; support around chart ~114.3–114.8k (already tested 114,366), initial resistance ~118.3–118.8k; 1H RSI low, signaling short-term oversold.
4. Fundamental analysis
The drop is mainly profit-taking after ATH combined with reactions to inflation/PPI data and liquidation waves; simultaneously, there are news flows about re-pricing interest rate expectations.
5. Sentiment analysis
Current sentiment: profit-taking + caution; data shows retail selling while some whales are still accumulating (market rotation between retail/whale).
6. Strategy
Entry: consider small purchases if price retests the 114.0–115.0k range with a clear green bounce candle; or wait for a confirmed retest after a breakout above 118.8k.
Stop-loss: set below 112.0k (invalidating the 114k support zone).
TP1: 124k (scale out part) — TP2: 135k (scale more if momentum continues).
Early exit triggers: Fed/Jackson Hole has a hawkish tone, or >$1B liquidations/heavy sell volume appears; maintain discipline, each tranche has its own SL.
