#BTCReserveStrategy

💰#Bitcoin_Update

Bitcoin is currently experiencing a strong decline after a strong performance, having tested the neckline of the inverted head and shoulders pattern on the daily timeframe.

🔹 Current Market Situation:

Bitcoin is retesting the neckline of the IHS pattern, which now represents a strong support area.

🔹 Key Levels:

Support Area: $113,000 - $115,000

Immediate Resistance: $120,000 - $122,500

Breakout Target: $165,000 or higher in the next upward wave.

🔹 Market Sentiment:

Staying above the neckline maintains the strength of the bullish trend.

If support holds, we expect a continuation of new highs once buying pressure returns.

A daily close below the $112,000 level would signal caution and delay the next rise.