$BTC

Bitcoin is currently trading near a critical support level, and price action is setting up for a decisive move.

📉 Bearish Scenario (Primary Bias):

Key support at ~$117,800 has broken, signaling a shift in market sentiment.
If the breakdown holds, we could see a strong bearish continuation toward the demand zone around $111,000.
Price may retest the broken support before the next leg down.

📈 Bullish Scenario (Alternate):

If buyers regain control and reclaim the broken support, BTC could retest the strong high at $120,700, and possibly push toward the supply zone near $123,000.

🔎 Structure Highlights:

Supply Zone: $122,000 – $123,000
Demand Zone: $110,000 – $111,500
Key Resistance/Support: $117,800
Strong High: ~$120,700

📌 Watch Closely:

  • Price behavior on the retest of the broken support

  • Bearish confirmation for downside continuation

  • Bullish reclaim for short-term recovery

  • A decisive move is near – be ready for both scenarios with tight risk management!


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