Bitcoin Pullback After Record High — Watch for Momentum Confirmation
I see Bitcoin has pulled back about 4% from its record high to $117,460 after an inflation-driven correction.
Technically the RSI is neutral and momentum indicators are mixed, which reads like a healthy consolidation rather than a decisive reversal.
I'll be watching key support and momentum confirmation before committing to new buys; short-term volatility may persist while markets digest macro data.
Analysis
Recommendation
I recommend watching price and momentum closely. Avoid adding size until you see clear support holds or bullish momentum returns; consider buying on weakness with defined risk if support tests occur.
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.