$BTC BEARISH REVERSAL – SELL PRESSURE TAKING CONTROL
#Bitcoin faced a strong rejection near the $122,500 resistance zone, failing to hold above key breakout levels. This sharp pullback signals sellers stepping in aggressively, increasing the probability of a deeper correction in the short term.
Trade Setup (Short):
Entry Zone: $121,600 – $121,800
Targets:
TP1: $120,800
TP2: $119,600
TP3: $119,300
Stop Loss: Above $122,550
Market Outlook:
Momentum has shifted toward the downside after repeated rejection at a major resistance level. If price sustains below $121,800, we could see a fast move towards $119K zones. Caution for late buyers — the trend is leaning bearish intraday.