$BTC

BTC continues to respect the bullish structure after a bullish Break of Structure (BoS) around the $120,000 zone.

After that breakout, price reached the 4H target high / bullish BoS near $123,300, marking a new swing high before a short-term pullback.

Currently, BTC is consolidating around $121,800, showing a healthy retracement within the broader uptrend.

As long as price holds above the $120,500–$121,000 support zone, the bullish bias remains valid.

🟢 Bullish Scenario:

A bounce from current levels or a liquidity sweep below $121K could fuel a continuation toward $123,300 and potentially $125K+.

🔴 Bearish Scenario:

A confirmed 4H close below $120,500 would suggest weakness, possibly leading to a retest of the $118K–$119K demand area.

📈 Bias: Bullish above $120,500

📍 Key Levels:

Support: $120,500 / $121,000

Resistance: $123,300 / $125,000

Next Target: $126,000