$BTC

BTC
BTC
84,018.96
-0.44%

$Bias: đŸ”» Short-term Bearish

Current Price: ~122,000

Timeframe: Intraday

Summary Analysis

Price Action:

BTC broke down from the 122,200–122,300 supply zone (strong resistance area).

Bears are currently controlling short-term momentum.

Market Structure:

Lower highs and lower lows forming after the rejection at resistance — confirming short-term bearish trend continuation.

Key Levels to Watch:

$Resistance / Sell Zone: 122,200 – 122,900

Support / Buy Zone: 119,900 – 120,000

Stop-Loss (SL): 122,915

Take-Profit (TP): 119,927

Risk-to-Reward: ≈ 1 : 3 — favorable setup for shorts.

Momentum Indicators:

Weak recovery candles suggest limited bullish strength; short-term sellers likely to dominate until price reclaims 122,500+.

⚡ Outlook Summary

🎯 Short-term: Bearish → Target 119,900

📅 Medium-term (next 24–48h): Neutral to slightly bearish unless BTC reclaims 122,900

đŸ§± Key confirmation: A close below 121,800 will likely accelerate downside move

🔄 Invalidation: 15M candle close above 122,915

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