Bitcoin at $114K: Calm Before a New Surge or a Hidden Trap?

Bitcoin is holding steady around $114K, trading within the CME gap range of $114K–$117K. This level is historically important—either as a launchpad or a trap before a correction.

Recent on-chain activity shows long-term holders are not selling, and exchange balances continue to drop. This indicates confidence. However, funding rates on futures are rising—suggesting leverage is creeping back in.

What to watch:

A breakout above $117K with volume could open the door to $127K–$133K.

But a sharp rejection here could mean a retest of the $104K–$108K zone.

This is a high-stakes range. Smart traders are staying alert—not overly bullish, not fearful—just strategic.

How are you playing this zone? Buying, holding, or waiting?

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