Bullish Correction Complete — Targeting 125,500–126,000Market Overview:
After a strong bullish impulse, BTC retraced to the 116,000–117,000 support area and is now showing renewed momentum. The current price action suggests a move toward the 125,500–126,000 target zone.
Technical Signals & Formations:
— Completed ABC corrective structure
— Weekly support held at 116,000–117,000
— Price bouncing from 144 EMA
— Break above local resistance confirms bullish continuation
Key Levels:
Support: 117,000, 116,000
Resistance: 123,300, 125,500–126,000 (target zone)
Scenario:
Primary: holding above 119,000 opens the way toward 125,500–126,000
Alternative: break below 117,000 could lead to a deeper pullback toward 115,000
