$BTC bulls got comfortable too early, facing a sharp rejection from the 118.6K supply zone and the weak 124K high. Untouched liquidity remains as a classic distribution pattern forms — breakdown, retest, and drop. Losing 113K could open the path to 108K or even 102.5K. Remember, liquidity hides where it’s least expected, and the trend only turns friendly once 116K is reclaimed.
