Bitcoin Pullback to $118K: Trend Intact but Fed Uncertainty Raises Near‑Term Risk
I see Bitcoin pull back 4.1% from yesterday's $124,480 record to about $118,300. The retreat looks like a short consolidation rather than a clear reversal.
Technicals show neutral momentum even though the broader bullish trend is still intact. Fed policy uncertainty is the main macro risk that could increase near-term volatility.
Analysis
Recommendation
Hold positions for now and monitor price and macro developments; consider buying on weakness only if key breakout-support levels hold and your risk profile allows.
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.