Bitcoin Pullback to $118K — Trend Intact but Monitor Fed Risk
I see Bitcoin retreat to $118,300, down about 4.1% from yesterday's record $124,480 high as Fed policy uncertainty re-enters the picture.
Momentum reads as neutral even though the broader bullish trend remains intact, so I expect volatility to stay elevated until macro clarity arrives.
Analysis
Recommendation
I recommend watching price and Fed headlines closely: hold existing positions if you tolerate risk, avoid aggressive new longs until momentum confirms strength or price finds clear support.
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.