BTC/USDT briefly broke above the $112,000 resistance level, only to face a sharp rejection and drop back down. The move appears to be a fakeout, trapping late buyers and signaling that the range remains intact. Despite the drop, the broader structure is still valid, suggesting Bitcoin may now enter a consolidation phase. Traders should remain cautious, as range-bound price action could dominate in the short term. A confirmed breakout above resistance would strengthen bullish momentum, while a breakdown from support may invite deeper corrections. Until then, Bitcoin is likely to oscillate within the established trading range.$BTC
