📉 BTC Looking Ripe for a Short-Term Pullback
Bitcoin has pushed up to $114,300, but momentum is beginning to stall around short-term resistance. The hourly candles show a series of smaller-bodied bars following strong green volume often a sign of buying pressure cooling off.
Price is currently sitting above the MA(7) at $112,254 and MA(25) at $111,423, but still well below the MA(99) near $117,100, suggesting BTC could face rejection before reclaiming that higher range.
Expect a possible pullback toward $112,000–$111,000 to test support before any continuation higher.
If bulls hold that zone, structure remains healthy — but a breakdown below $111K could open room for a deeper correction.
🟢 Support: $112,000 / $111,000
🔴 Resistance: $114,300 / $117,000
⚠️ Watch for weakening volume and slowing momentum before entering new longs.
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