BTC Faced Strong Resistance At $121.3K – $121.9K Currently Testing Support Range $116.7K – $117.3K.
Technical Overview:
• Trend: Short-term pullback after a sharp rally.
• Resistance: $121,311 – $121,936 (multiple rejections).
• Support: $116,738 – $117,350 holding firm.
Break Risk: A failure at $116.7K could target $114.6K and $112.0K.
Bullish Scenario: A bounce from $116.7K with volume may push BTC to $119.5K and retest $121K.
Bearish Scenario: A close below $116.7K could lead to a deeper correction.
