Key support is established at $114,000, with resistance at $116,000. A break above $117,000 could target $118,000.
• The MACD indicator is "strongly bullish," but the 14-day RSI at 37.02 suggests a possible short-term pullback.
• Traders are cautious, watching for a breakout above $117,000 for long entries. A drop below $114,000 support may lead to a retest of $111,000.
Risk Factors
• High volatility persists, highlighted by a recent $208 million liquidation of futures positions in one hour.
• S&P Global rated MicroStrategy 'B-' (high-risk) due to its large BTC exposure, showing traditional finance caution.
• A hawkish