Bitcoin failed to hold above the $122K–$124K resistance zone and is now showing signs of a downward move. Price action suggests further weakness, with targets pointing toward the $114K region. If selling pressure increases, BTC could extend losses toward $112K or even $110K.
Current Price: $118,243.98 (–2.31%)
Bias: Bearish unless BTC reclaims and closes above $124.5K
Trade Idea (Short Setup):
Entry Zone: $120.9K – $121.3K
Take Profit Levels:
TP1: $116K
TP2: $114K
TP3: $112K
TP4: $110K
Stop Loss: $124.5K
⚠️ This is not financial advice. Always manage risk before trading.