Bitcoin / TetherUS

Bitcoin at Descending Channel Resistance – Rejection Imminent?

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🔻 Bitcoin at Descending Channel Resistance – Watch This Level Closely!

📉 BTC/USDT is currently testing the top boundary of a well-defined descending channel on the 2H chart.

🟨 This zone has acted as strong resistance in the past, and the current reaction suggests the potential for a short-term rejection.

Unless we see a clean breakout above $120K with strong volume and follow-through, the more probable scenario is a pullback towards the midline or lower boundary of the channel.

💡 Notably, this area also aligns with a local supply zone and prior liquidity sweep, making it a key decision point.



🧭 CryptoPilot’s Take:

This is where patience pays off. No breakout = no FOMO. Watch for confirmation before acting.



❓ What’s your view?

Will BTC break out and flip bullish here — or is a deeper correction on the way?
👇 Share your thoughts in the comments!

💬 Follow for daily high-probability setups using Smart Money & Wave Theory. Let's grow together!

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