Bitcoin is showing early signs of weakness. If the price breaks below 118,312, it could confirm the beginning of a corrective move from the 109,000 level.
The potential correction zone lies between 113,414 and 114,770, with a possible wick extension toward 112,500. However, for the broader bullish trend to remain valid, Bitcoin must hold above 112,500.
🔹 Trading Plan:
A short position becomes viable if 118,312 is broken, but keep in mind this setup goes against the primary uptrend. In that case, it’s crucial to either take profits quickly or set the trade risk-free.
If Bitcoin stays above 118,312, I will remain on the sidelines and wait for the market to build a clearer structure before entering any new positions.
This is a market that rewards patience — don’t rush into trades without confirmation.
