scenariobtc

📉 $BTC BETWEEN 121-122K 👉🏼 IS THIS A SIGNAL OF CONSOLIDATION OR THE BEGINNING OF A MORE SIGNIFICANT PULLBACK?

The market shows signs of fatigue after the rally:
Support at 119-120k is being tested again
Volumes are decreasing on weak rebounds
A possible divergence is observed on the 4H

Here are the scenarios I am considering:
1️⃣ Consolidation between 119k and 124k before a new impulse
2️⃣ Break below 119k and slide towards 116-118k
3️⃣ Quick return towards 124-125k if a positive catalyst arrives

In your opinion, which of these scenarios is the most likely now?

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