Bitcoin (BTC/USDT) – Potential Pullback Toward 112k Support

On the 3H chart, Bitcoin is showing signs of weakness after failing to hold above the mid-channel resistance. Price action is rolling over, with a clear break of the short-term trendline and rejection at ~118.5k.

🔹 The structure suggests BTC is forming a corrective leg, with the next major liquidity pool resting near 112,000 – 111,500 (highlighted green zone). This level also aligns with:
• Prior demand block & consolidation base
• Lower boundary of the short-term channel
• Key Fibonacci retracement cluster

If buyers fail to defend this zone, we could see acceleration toward the deeper supports around 109k.

📊 Scenario Path (Orange Projection):
• Short-term consolidation under 118k
• Breakdown continuation toward 114.5k (intermediate support)
• Final sweep into 112k liquidity zone before any strong rebound attempt

⚠️ Risk factors:
• A reclaim of 121.5k invalidates the bearish scenario and opens the door to retesting 125k.
• Watch funding rates & BTC.D — a sudden risk-off move in alts could accelerate the drop.

🎯 Trading Outlook (Not Financial Advice):
• Short bias while below 118.5k–121.5k
• Main target: 112k
• Tight stops required due to volatility

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