$BTC

Bitcoin is currently consolidating within a local downward trading range, and the probability of a correction to 112K or growth to 125K is on the table.

With resistance levels at 119.2, 120.1, and 120.85, and support levels at 116.37, 115.67, and 112, the setup suggests a false breakout and correction is likely.

Don't get caught off guard - the market hasn't finished consolidating or correcting, and a pullback or decline to 116-115-114 is expected.

While there may not be clear drivers to support the market just yet, the situation can change quickly. Staying vigilant and monitoring the price reaction towards resistance is crucial.

Make an informed decision and adjust your strategy accordingly.

The market is giving us signs - it's time to listen.

#bitcoin #consolidation #fundamentalanalysis