🔥 Is $BTC Coiling for a Breakout?

The market is holding its breath as we hover near a critical resistance zone. Recent price action shows resilience, but the bulls haven't secured a decisive victory yet. All eyes are on the upcoming CPI data, which could be the catalyst for a significant move. Corporate interest continues to be strong, with significant accumulation noted in the past week, suggesting long-term confidence.

📈 Potential long: A sustained break and close above the $123,200 level on high volume could signal the next leg up. This would be a leveraged trade, targeting the $127,000 resistance area.

📉 Short setup: If the price is decisively rejected from the current resistance and breaks below the $119,000 support, a short position could be considered. This would also be a leveraged trade, with a target around the $116,500 CME gap.

NFA/DYOR.

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