Bitcoin Technical Outlook: Weak High Rejection Could Trigger DrBitcoin / U.S. dollarBITSTAMP:BTCUSDDollars_BOYS_Chart📊 Professional Analysis of BTC/USDT (1D – Bitstamp) Current Price Level Bitcoin is trading around $122,869. Price is currently testing a major resistance zone (marked as Weak High). Structure Analysis Previously, we had a strong bullish push with a CHoCH (Change of Character) confirming upside. Now price has created a weak high, which often indicates a liquidity grab before a potential reversal. If this high fails to hold, bearish rejection is more likely. Pattern / Trendline Price has been moving inside a descending channel. The recent move above is likely a fake breakout + liquidity sweep, pointing to a possible sell-off. Future Projection (based on arrows in the chart) If rejection is confirmed, BTC could fall towards the $110,000 – $100,000 demand zones. These zones may act as potential buy areas if bullish reaction/confirmation appears. . Key Levels to Watch Resistance (Weak High): $125,000 – $127,000 Demand Zone 1: $110,000 – $112,000 Demand Zone 2: $98,000 – $101,000 Volume Confirmation Breakout happened with high volume, suggesting it may have been a liquidity hunt, often followed by a dump. 🎯 Conclusion: Short-term: Possible rejection from weak high → downside expected. Medium-term: If demand zones hold, Bitcoin can bounce back bullishly. Trading Idea: Short setup: Look for rejection near $125K. Long setup: Look for bullish confirmation inside $110K or $100K demand zones.