$BTC Stuck Between Zones: Will Bulls Reclaim or Bears Drag Lower?
BTC is trading around 121,600 after failing to sustain above the 122,000 short-term resistance. Price is consolidating below a key intraday supply zone, with lower highs forming and volume flattening. A decisive move above or below the current range could set the next direction.
Key Levels to Watch
Resistance Levels:
• 121,900 – Immediate rejection zone
• 122,200 – Short-term breakout confirmation
• 122,800 – Recovery continuation
Support Levels:
• 121,500 – Local support zone
• 120,800 – Breakdown risk
Trade Setup
Bullish Entry: Above 122,200 with strong volume and momentum
• Target 1: 122,800
• Target 2: 123,400
Bearish Entry: Below 121,500 with bearish confirmation
• Target 1: 120,800
• Target 2: 119,500
BTC is compressing within a tight range. Watch for volume spikes and candle structure near 122,000 for potential breakout plays. Patience is key in choppy zones like this.