Bitcoin must hold $114,300 or risk phase‑2 correction
I hope Bitcoin can hold the $114,300 level — that support looks critical for the current structure.
If it fails to hold, I expect that to mark the start of a phase‑2 price discovery correction and a deeper pullback.
I'll be watching that level closely and will adjust exposure if we see a confirmed breach.
Analysis
A sustained break below $114,300 would likely remove key support, increase selling pressure and signal a transition into a deeper price‑discovery correction phase.
Recommendation
Watch the $114,300 level closely; avoid adding aggressive longs until support holds, and prepare to reduce exposure or look for buy‑on‑weakness opportunities if a confirmed breakdown occurs.
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.