BTC Technical Outlook – Cycle High WatchBitcoin is potentially entering the final push of the current cycle, with price action forming a Head & Shoulders (H&S) structure near the newly formed ATH. While this pattern is not confirmed yet, it does raise caution for a possible local top.
📈 Upside Scenario:
Our immediate focus remains on the $111,000 zone, which aligns with a potential liquidity grab area. A push into this region followed by strong rejection would strengthen the bearish case.
📉 Risk Zone to Monitor:
If rejection occurs near $111K, attention will shift to the neckline area, which will be crucial in confirming the H&S breakdown.
⚠️ Key Takeaway:
Bullish continuation remains valid until rejection is confirmed
$111K = key upside target & decision zone
Neckline break would confirm trend exhaustion
_Wait for confirmation. Trade the reaction, not the prediction._
