BTC/USD - KEY SUPPORT BREAKOUT IN FOCUS!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!
