Mixed Signals After Bitcoin Pullback to $117k — Watch for Confirmation
I see mixed signals after Bitcoin slipped to $117,000 a day after a fresh all-time high. Momentum measures cooled and some profit-taking showed up, while order flow and institutional interest still point to underlying demand.
I'm cautious: the move lower is not yet a clear trend reversal but it raises short-term volatility and the importance of key support levels. I'll watch price action for confirmation before changing position sizing.
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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.