๐Ÿšจ BTC Breakdown or Bounce? | Urgent Trader Alert ๐Ÿ”ฅ๐Ÿ“‰

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.

๐Ÿ’ฌ 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. Letโ€™s re-evaluate whatโ€™s unfolding today ๐Ÿ‘‡

Support Zones:

๐Ÿ”ป $114,000 โ€“ Minor support

๐Ÿ”ป $111,800 โ€“ Key level to hold

๐Ÿ”ป $109,000 โ€“ Critical zone before panic selling

Resistance Zones:

๐Ÿ”ผ $118,000 โ€“ First bounce resistance

๐Ÿ”ผ $120,000 โ€“ Rejection-heavy zone

๐Ÿ”ผ $122,000+ โ€“ Only breakout beyond this confirms reversal

๐ŸŽฏ Next Target Scenarios:

๐Ÿ“‰ If breakdown continues:

โ†’ $114K โ†’ $111.8K โ†’ Final test at $109K

๐Ÿ“ˆ If bulls bounce back:

โ†’ $118K โ†’ $120K โ†’ Potential breakout to $122K+

๐Ÿง  Holders & Traders:

Market volatility often comes before major moves. Be smart โ€” donโ€™t panic, instead watch for volume confirmation and key price actions near support. Recovery may take time, but this phase is where smart accumulation begins.