📊#BTC hits neckline resistance and pulls back✔️

🧠From a structural perspective, we've retreated after hitting resistance at the neckline, as expected. If the current structure continues to decline rapidly, we could potentially retest support near 112,000, or perhaps break below the previous low to sweep liquidity before rebounding.

➡️The resistance zone remains clear. Only if the neckline resistance zone is broken and stabilizes for a day or so can we maintain a positive bullish stance.

Let's see 👀

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