A personal reading of chart $BTC over the past 48 hours and its future,

💠💠 We had a strong drop → then a quick rebound like a needle (Short Squeeze) → followed by sharp consecutive peaks without stability → then a gradual decline with lower bottoms.

💠💠 In the near future (technically):

The shape is closer to a distribution model after a violent rise, meaning the market has taken a breath and distributed contracts at the peaks.

If the price fails to stay above 120k–123k, it is likely we will see a retest of 112k and perhaps a break if selling pressure increases.

If it manages to break above 123k with a strong close, the scene will shift to a continued upward trend.

💠💠 In summary: the model shows more caution than optimism at the moment. The market needs quiet accumulation before any strong rise,

or else the decline remains a realistic possibility.

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