Good Morning Team🙏🙏
We start Monday with our long scenario target from Friday hit.
BTC broke above $120,241 and tagged the $121,930 area we mapped.
Two strong, consecutive daily candles made that happen, quite a rally.
Moves like this can trigger profit-taking, especially after sharp advances.
When enough traders lock in gains, the sudden imbalance between sellers (closing longs) and buyers can create dips before the market finds its next footing.
Where We Stand Now
. Long target achieved, breakout confirmed
. Price is holding above our former
resistance ($120,241), which now acts as first support
. $123,199 remains the next technical ceiling
Momentum is strong, but two big days in a row often mean we could see consolidation or a pullback
Possible Next Setups
1. Bullish Continuation: Hold above $120.2K and push toward $123.2K
2. Controlled Pullback: Profit-taking drags us toward $120.2K or $115.6K before reloading
Mindset Reset Tip for the Week
Don't chase the market on emotion. Let the weekly opening range form over the next 1-2 days, then trade in alignment with whichever side breaks convincingly.
This keeps you positioned with strength instead of guessing.
Where does BTC close this week?
A. Below $118K:- Pullback Takes Over
B. Above 123K:- Breakout Continues