🪙 BTC Daily: Is 121,500 an Impassable Fortress? Or Just a Whim?
BTC is still on its way to my long-term target, but in the short term, the market has again entered the "I know best" phase.
Stuck at 121,500, it's saying, "I won't pass from here, I'm not in the mood." Come on...
As long as there is no daily close above this level, it may go to feed the hungry bears lurking in the lower 110,000 region. Because the market moves not with logic, but as it pleases.
But we still have a well-functioning chart in hand. The market just loves to test us by falling into a pit on the way 😅
📍 Close above 121,500: "Alright, we're going up, hop on the train."
📍 If not passable: "Let’s get off and walk a bit around 110K to shake up the wallets."
