Bitcoin / TetherUS
Short

BTC Rejection can touch 100K.......

112
The chart is showing what looks like a double top pattern at the recent highs (~118k–120k USDT), marked by two "R" resistance points.
The neckline is roughly around the 112k zone (green support line).
A confirmed breakdown below this neckline could activate the double top target, pushing price lower.
2. RSI Divergence
There’s a bearish divergence — price made a higher high, but RSI made a lower high.
This signals weakening bullish momentum and increases the probability of a pullback.
3. Support & Resistance Zones
Immediate resistance: 118k–120k
Immediate support: 112k (neckline)
Next major support: ~104k (previous range support), and then ~96k if selling intensifies.

4 Possible Scenarios

Bearish: If BTC closes below 112k with volume, it may head toward 104k, possibly even 96k.
Bullish invalidation: A strong daily close above 120k with increasing volume could negate the bearish setup and lead to new highs.

The second push to resistance faced a strong rejection, completing a double top pattern.
This rejection, combined with high bearish volume, strongly signals downside momentum.
The setup confirms a likely move to lower price levels in the near term.

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