Quick Note: What’s happening with BTC now

I just posted on Twitter about the importance of reclaiming ~116,300. If you’re not following me there yet, fix that, Twitter is where I push chart updates most frequently.

Today’s a short update on the setup and what matters.

Right now $BTC is trading into a cluster of heavy resistances. Starting at 114,800, there’s a stack of levels where price can get slapped. But, as I said up top, the key resistance is 116.3K (30D RVWAP + H1 EMA200). A reclaim and hold above that opens the path to 125K+, a rejection there or at any level from 114.8K up - can extend the slide below 110K.

On the macro side, my indicator is in caution mode: DXY is too high and VIX is choppy, both need to cool off. We’ve also started to see ETF outflows as funds de-risk on U.S.–China tensions. Until that noise settles, I’m staying cautious.