๐จ BTC Breakdown or Bounce? | Urgent Trader Alert ๐ฅ๐
Bitcoin is currently trading around $116,455, reflecting a -1.61% drop in the past 24 hours. The bearish trend we previously discussed is now clearly visible โ and unfolding exactly as anticipated.
๐ฌ My Observation:
As I mentioned in the last update, the market is confirming our expectations of a downtrend. In my opinion, BTC may drop even further before any upward bounce. Why? Because the market always seeks liquidity and aims to trigger stop-losses to maximize profit-taking. This is a classic shakeout zone. Letโs re-evaluate whatโs unfolding today ๐
Support Zones:
๐ป $114,000 โ Minor support
๐ป $111,800 โ Key level to hold
๐ป $109,000 โ Critical zone before panic selling
Resistance Zones:
๐ผ $118,000 โ First bounce resistance
๐ผ $120,000 โ Rejection-heavy zone
๐ผ $122,000+ โ Only breakout beyond this confirms reversal
๐ฏ Next Target Scenarios:
๐ If breakdown continues:
โ $114K โ $111.8K โ Final test at $109K
๐ If bulls bounce back:
โ $118K โ $120K โ Potential breakout to $122K+
๐ง Holders & Traders:
Market volatility often comes before major moves. Be smart โ donโt panic, instead watch for volume confirmation and key price actions near support. Recovery may take time, but this phase is where smart accumulation begins.