📉 $BTC Bitcoin Faces Strong Rejection at Resistance! 💥
$BTC/USDT recently touched a high of $123,218, but faced heavy selling pressure and has now dropped to $117,469, down -1.96% in 24h.
🧱 Key Resistance: $123,000
🛡️ Support Levels:
Minor: $113,460
Strong: $111,435 (EMA25)
Major: $107,957
🔻 The red candle with high volume near resistance suggests bearish pressure is mounting. RSI cooling off and MACD histogram flattening hint at potential further downside if support levels fail to hold.
⚠️ Conclusion: Strong resistance at $123K is holding. If BTC breaks below $113K, it may trigger a deeper pullback. Bulls must defend key EMAs or risk losing momentum.$BTC