BTCUSD Outlook: Bullish Recovery or Deeper Correction?BitcoinOANDA:BTCUSDXau_InsightssBitcoin is currently trading at a key technical level where both buyers and sellers are likely to become active. The weekly structure suggests that price could first sweep liquidity below support before reversing higher, or begin a recovery directly from the current zone. The $118,000–$122,000 resistance area remains the primary upside target. A strong bullish reaction from current levels could lead to a retest of this zone. However, if support fails, Bitcoin may extend its correction toward the $28,000–$32,000 demand area before the next major bullish move. Key Levels * 🟠 Resistance: $118,000–$122,000 * 🟢 Support: $28,000–$32,000 * 📊 Bias: Neutral until confirmation * 🎯 Watch for liquidity sweeps and market structure confirmation. ⚠️ Not Financial Advice. This analysis is for educational purposes only. Always trade with proper risk management.