Today’s Bitcoin Trend Analysis

Intraday Support: 110,500-111,300

Intraday Resistance: 114,000-114,800

Bitcoin’s recent pullback saw a low near the key daily support level of 110,000 before rebounding. The 4-hour MACD lines have formed a death cross and crossed below the zero axis, demonstrating continued bearish momentum. During the intraday rebound, watch for resistance at 114,000. A breakout and sustained hold on the 4-hour chart would mark the end of this pullback. Blind long positions are not recommended until this point.

Day Trading Plan:

Enter short at 114,000.

Enter long at 110,000.