🚨 $BTC in a critical reversal zone — liquidity trap looms ahead!
Bitcoin ($BTC ) is currently trading around $119,862, approaching strong resistance at $122,000–$123,000, but it shows signs of entering a distribution phase according to Wyckoff analysis.
The price structure indicates multiple breakouts (BOS) and liquidity snatch moves (BOL), warning of a potential reversal towards $116,500 if the price fails to break the resistance.
📊 Current trading setup: - Entry zone: $120,000–$120,400 - Stop loss: above $122,120 - Target: $116,500 — aligns with liquidity zones and structural support
🧠 Technical analysis shows that the price often rises towards liquidity pools before reversing, making this area critical to monitor. Institutional traders are targeting stops, and the market shows a balance between buyers and distributors.
⚠️ Patience and precision are key — don’t chase the entry, closely watch the price action.
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