$BTC swings after a brief increase towards $117,000
You may have noticed how Bitcoin jumped above $117,000 earlier this week – only to settle later around $115,000. The increase was real, but the lack of follow-through caused it to lose momentum quickly, as the price dropped to $113,000 by mid-week.
Current situation? Cautious balance.
Funding rates still lean towards the upside, but the risk of *liquidating long positions looms if selling pressure increases.
🎯 The $113,000 area is the critical defense line now – a rebound from it restores hopes, while breaking it could ignite a deeper correction.
📌 If you're in the market, keep a close watch. One wrong move, and the $117,000 peak could turn into a "smart trap."
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