BTCUSD if bitcoin closed under 116500 it will go rapidly to 114k and may also visit 112k before to continue up. or it will test again today 119500 and setting in this range, i don't think the bitcoin will go up before closing the down area and also the investor is interested in altcoin more than bitcoin, look on all altcoin, they are stretched so much, and may be there is some taking profit here, and that let bitcoin visiting 114k
BTCUSD is still holding above key support at $116,500, maintaining a bullish structure. As long as this level holds, the trend favors the upside with a potential target at $125,000. A break below $116,500 would invalidate the bullish bias and shift focus lower.
With Weekly FVG support, we can expect another massive rally into a deviation hunt towards further buyside targets after collecting some leftover orders in the gap range (blue)
Only time we will change this expectation is if we get a major macro shift with a weekly close below the FVG range