Bitcoin’s $114K Floor: A Tale of Bulls and Bears 🐂💸
On the daily chart, bitcoin continues its grand procession, a broad uptrend now transformed into a cautious waltz after its recent crescendo near $123,200. This range-bound movement, akin to a nobleman pacing his estate, suggests profit-taking at the upper echelons, evidenced by a crimson volume candle, a harbinger of distribution by the institutional titans. Support, steadfast as a fortress, stands firm between $114,000 and $115,000, tested repeatedly. Traders, those intrepid adventurers, eye entries within this zone, targeting a move back toward resistance between $120,000 and $122,000, with risk managed below $113,500—though one might wonder if their courage is matched by their wallet’s depth. 🎯