Btcusdt - At Crtitical Decision Point, Breakout Or Breakdown Bitcoin / TetherUSBINANCE:BTCUSDTHamza_GoldBitcoin is currently sitting at a critical decision point near the 124,120 level after a Break of Structure (BOS) to the downside, following a Change of Character (ChoCH) at the top. Key Technical Zones: Support Zone: Price is testing a marked support area, which has previously acted as a demand zone. This zone could trigger a bullish reaction. Strong Low: If this level breaks, bearish momentum could accelerate. Weak High: May be targeted if price finds support and reverses. Decision Point: The current price level acts as a pivot, determining whether the market will: Bounce and aim for the upper target near 126,013, or Break down towards the lower target below 121,000. Scenarios: Bullish Scenario: If price holds the support zone and breaks recent BOS highs, the market may rally toward the 126K target. Bearish Scenario: A breakdown below the support and the strong low could trigger a move toward the 121K area. Conclusion: Monitor the support zone closely. A strong bullish reaction could confirm a long setup toward 126K, while a clean break below the strong low confirms further downside.