Bitcoin is currently retesting a key supply zone around 121.7K-122.3K, aligning with previous structure highs and imbalance.
This zone will likely determine the next major intraday move.
Market Outlook:
📊 Previous Day High: 123,841 – acts as upside liquidity target
🟨 Key Zone: 121.7K-122.3K (potential reaction area)
🧠 Scenarios:
Bullish: Clean break + retest above 122.3K → targets 123.8K
Bearish: Rejection from the zone → move back to 119.7K (previous day low)
⚖️ Bias: Neutral until breakout confirmation
Smart traders will wait for a liquidity sweep + confirmation candle before committing. Stay patient — volatility incoming.
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