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Bitcoin Pullback — Monitor Support Around $117k
I see Bitcoin down about 3.8% in the last 24 hours, trading near 117,966 USDT after a high around 124,474 and a low near 117,204. Volume remains high, suggesting active participation during the pullback.
This looks like a short-term correction rather than a collapse — price is trading near the session low and could retest support. I will monitor whether support around the low holds before adding exposure.
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Analysis
High 24h volume with a ~3.8% decline indicates a measured pullback; the intraday low near 117,204 is the immediate support to watch. Momentum is negative short-term but not extreme, so further chop or...
Recommendation
I recommend watching price action around the 117k level and waiting for support confirmation before buying. More aggressive traders could consider a small buy-on-weakness position if the low holds and...
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.