$BTC
is currently facing key resistance at $123.8K, with support sitting at $111.6K.
Momentum remains slightly positive at +0.12, but the trend structure has shifted into bearish territory at -0.47.
This suggests that while price action is holding up, the underlying trend is starting to show signs of weakness.
When momentum stays positive but structure turns bearish, it often reflects a standoff — buyers are defending current levels, while early sellers are beginning to step in near resistance.
If momentum flips negative while structure remains bearish, the chances of a deeper move toward support increase.
On the other hand, if buyers manage to regain control of structure while keeping momentum intact, a push toward breaking $123.8K becomes more likely.
At the moment, the market is in a wait-and-see phase — how this divergence resolves will likely shape the next major move.