Yes we are in HL Structure we can see 120K & then drop to 110K

So, by now, you all must have understood that in financial markets whether they’re stocks, commodities, or crypto there’s one common thing: if the majority is waiting for a specific price level, it’s something that’s unlikely to happen. It can happen sometimes, but usually under different conditions, and we’ll discuss that when it occurs. For now, you know that many people were waiting for the 100k level, but instead, the market bounced back from $103.5k. And besides that, remember that there was only one person saying that as long as we didn’t break below 98k or 100k, we remained bullish and that person is me!
So, anyways, in today’s article, we’ll discuss Bitcoin, break it down by each timeframe, and then we’ll see what we can expect next.
BTCUSD (Weekly)

Keeping it straight forward like the previous updates. Bitcoin weekly structure is still bullish so as long as the structure is bullish, We remain bullish.
Bitcoin Weekly SFP

In our last weekly update, we discussed that Bitcoin had experienced a fakeout at the 107k level on the weekly chart. We also discussed that fakeouts on the weekly chart have a significant impact on prices, just like the fakeout at 125k. We then discussed that i wouldn’t be surprised if, as long as we didn’t close below 107k, the market could move upward from there.

Bitcoin provided a nice move up after that fake-out, Now lets drop it down to the daily chart.
BTCUSD (Daily)

Last week we discussed that a pullback will be an opportunity we got the pullback to $107k's and now we also got the $115k target i shared with you guys.
What is next?

First thing first, If you missed to catch this move from the lows now you don't have any reason to buy while the price is now at the key highs.
The BTC daily chart is still bearish technically as long as price doesn't close above $116k and hold above it.
The next Possible trade idea
I only see two good trade setups on Bitcoin right now
Scenario One

Let the price squeeze away from $116k zone then the pullback intro the same area will provide a nice trade setup with target of last highs. Once again, You dont have to chase the highs now. You need a better trade plan.
Scenario Two (Pullback)

Price faced multiple rejections from the $112k zone, which is why I believe this is an important level to hold going forward. If we get a pullback into that zone, it would also present a good trade setup in my opinion. If the price manages to hold that zone, it will likely move back up.
FOMC And Interest Rate Decision

FOMC conference and Interest rate decision is due on wednesday this week. A 25 BPS rate cut is expected.
Overall i think the market will remain volatile this week.
Key areas to watch is $116k and $112k zone

This is it for This week's Bitcoin update, Let me know your thoughts.