Current Situation
Bitcoin tested the $122K–$124K resistance zone but failed to break through.
Price is now slipping below the marked entry range, suggesting bearish continuation.
Technical View
Chart structure indicates a possible drop toward $114K in the near term.
If selling pressure stays strong, deeper targets are $112K and $110K.
Bearish outlook is valid only if BTC stays below $124.5K (stop-loss level).
Trade Plan (example, not advice)
Short Entry: $120.9K – $121.3K
Targets:
$116K
$114K
$112K
$110K
Stop Loss: $124.5K
Risk Reminder
Breaking back above $124.5K would invalidate this short setup.
Moves like this can accelerate quickly if momentum builds, so strict stop-loss discipline is key.
$BTC
