🧵BTC Quick Update:

• BTC was ranging between 116K-119.5K before breaking down from a bullish flag.

• That breakdown took us to 112K, where price found some temporary support.

• BTC is now making a 2nd attempt to reclaim the 116K area (flag base), but there's heavy confluence/resistance overhead.

🚨 Key Watch:

Likely to form a new range between 112K-116K unless bulls push through with strong volume.

Levels:

• Support: 112K

• Resistance: 116K → 119.5K

👀 Watching for either a clean reclaim of 116K

or confirmation of a new range build.