🚫 Rejection at 112K Resistance
BTC failed to break above the 112K zone and reversed sharply.
😮💨 Cooling-Off Needed
After weeks of relentless gains, a healthy pullback is due to “catch its breath.”
Key retracement area: 100K-101K (weekly FVG zone)
📅 Macro Catalysts
– Friday : US Core PCE (major inflation read)
– This week : Fed speakers on tap
– Markets are paused, awaiting a clear driver
🎯 What to Watch
100K-101K support for buy-side demand
Break or hold above 112K to gauge next leg
Reaction to Core PCE for directional bias
💡 Summary
Rejection → Retrace into FVG → Major inflation print → Potential launch toward new highs ! 🚀
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.