Bitcoin stuck in 110k–123k range — correction likely unfinished
I've observed Bitcoin trading in a narrow 110k–123k range for more than a month. The price action looks like an ongoing correction rather than a completed consolidation.
I expect further sideways-to-lower pressure until we see a clear breakout or strong reversal signal. I'm staying cautious and avoiding fresh aggressive longs for now.
Analysis
Recommendation
Wait for confirmation of trend reversal or a breakout above resistance before adding new positions. Manage risk if already long and consider trimming exposure until clarity returns.
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.