Bitcoin: Minor Pullback in a Bullish Weekly Trend — Hold and Consider Buying Dips
I see Bitcoin trading around $118,945 with a tight intraday range between $117,547 and $121,707. The 24-hour shows a small pullback of about 2% while the 7-day is up roughly 2%, suggesting short-term noise inside a modestly bullish week.
Liquidity remains high with a $2.4T market cap and $66.1B volume, so moves are likely orderly rather than panic-driven. I remain cautious about chasing fresh highs and prefer to wait for clearer confirmation or a deeper dip to add size.
Analysis
Recommendation
I recommend holding current positions and only adding on weakness or after a decisive breakout. Target additions on a 3–6% pullback or on a confirmed move above the recent high.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.