📉 Bitcoin Pullback: One More Low Before a Bounce?

$BTC is still under pressure and working on another potential low.

🔹 If this drop unfolds as a 3-wave correction (ABC) → it’s just a pullback, and higher prices remain possible.

🔹 If it turns into a 5-wave decline → that’s the first real step into a bear market.

🔎 What to Watch

Current support zone: $101.5K – $106.5K

Testing August low around $112K

First bullish signal only above $114,110 (last swing high)

📊 Key Levels (Micro-Fibs)

$111.6K

$110.8K (61.8% Fib – major!)

$109.8K (if extension continues)

🚨 Bottom Line

Short-term trend = still down

Expect at least one more low

Bounce will decide: just a correction ✅ or bear market start ❌