Bitcoin’s rejection from the $125K liquidity pocket has initiated a healthy pullback toward the $120K region. The move appears corrective rather than impulsive, with strong confluence support aligning around the 100-day moving average and the prior breakout structure.
Technical Analysis
By Shayan
The Daily Chart
On the daily timeframe, BTC was rejected from the $125K–$126K liquidity zone, which coincides with the prior swing high and a key resistance cluster. The reaction has led to a retracement toward the $117K–$120K support range, an area reinforced by the intersection of the ascending trendline, the 100-day MA, and key Fibonacci retracement levels.
A rebound from this region could validate it as a higher low, setting the stage for renewed bullish continuation. Meanwhile, the RSI has cooled off from overbought territory, suggesting that momentum has reset and the market now has room to stabilize before attempting another run-up. However, a daily close below $117K would weaken
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