💰 The situation with $BTC is starting to improve.

Over the past few days, we’ve seen consolidation in the ~$114,000–$117,000 range. This changes the setup I described in my previous breakdown.

The key development is the consolidation right around the resistance level at ~$114,700 and two #EMAS Currently, the price has established itself above the 200EMA.

☝️ This type of consolidation can be seen as a sign of seller weakness. Sure, buyers haven’t been able to push the price much higher yet — but sellers are also failing to defend one of the strongest resistance levels.