Bitcoin daily support has broken, institutions are no longer defending the market, and the big shark pattern is quite obvious. First, let's look at 108,000 below.
If this position can be reached, aggressive bottom-fishing can be done—hold until the end of the year, and with 2-3 interest rate cuts, a small bull market could arrive, making 130,000 very likely.
Bitcoin suggests a pullback: Buy around 112,300-111,800, targeting 113,600-114,500-115,500.
