From the 4-hour chart, BTC encountered resistance and fell back after hitting the resistance level of 112500 following consecutive bullish candles. Due to pressure on the upper band of the Bollinger Bands, it dropped to 111500 where it found support, and is currently in a state of consolidation. The support strength at this level of 111500 is sufficient, so the pullback can be considered a technical correction. The morning outlook remains unchanged, continuing the thoughts from earlier, with a pullback expected.

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