$BTC is trading around 117,800 USDT after a strong rejection from the major resistance zone (121,000 – 123,300), where price wicked up to nearly 124,500 before reversing. This shows clear selling pressure from the top. Currently, price is pulling back and could retest the ascending trendline support (around 116,000–116,500). If this trendline fails, the next major support zone lies at 111,000 – 113,000 and deeper support at 104,500 – 105,000. Let's see what will happen next.
