BTC is in danger of a pullback after recent resistance

Bitcoin recently hit the $111,000 mark, sweeping up buy-side liquidity, and then showed signs of a pullback. As the market pauses after a strong rise, technical and on-chain indicators suggest a possible pullback or consolidation phase, and traders are now eyeing key levels for the next move.
Daily K-line technical analysis:
The daily RSI has also retreated and is currently hovering around the neutral 50 area, indicating a weakening of momentum. The 100- and 200-day moving averages remain bullish below the price (in the $95,000 to $90,000 range), and there is a clear fair value gap (FVG) between $101,000 and $98,000, which may form a magnetic force on the price in the short term, but it may also become a demand area that drives the asset up after a breakout.
Despite the resistance at $111,000, buyers remain structurally dominant as long as the asset remains above the $91,000 demand area. If FVG is filled and the pullback is strong, it could set a new low and again set the stage for a hit to the $111,000 to $114,000 resistance area.
Short-term key signal analysis:
Short-term traders should keep a close eye on the medium-term and recent swing lows near $102,000. A break below this level could trigger a more drastic pullback towards the $100,000 support level. On the other hand, a re-break of the $108,000 mark could invalidate the short-term bearish pattern and open the door for a retest of the range highs and possibly another break above $111,000. However, as things stand, the market could experience a deeper pullback in the coming days.
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