The currently important resistance level is around 116200 (the intersection of the 38.2% Fibonacci retracement level and multiple EMA lines), while the support level is around 114500, with more significant support below at 113000 and 111700.

Powell's dovish remarks brought a rebound, but tightening liquidity and technical resistance are still constraining price increases.

For aggressives, 115000-114500 is the area of interest.

Conservatives should patiently wait for a valid breakout above 116200 or a signal of stabilization after a pullback to lower levels.

All operations should be conducted with a light position and a stop-loss at #BTC .