BTCUSDT Perpetual Swap Contract forum
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This move looks like a New York session shakeout after the London range faded.
We might bottom out around 121,200 or 120,750 both sitting close to recent intraday structure.
If price dips under that zone, it’s smart to manage any aggressive long exposure, especially on leverage.
Don’t get distracted 127K is still achievable this week.
Sometimes the market fakes weakness before real strength.

A previously established demand zone has been highlighted on the chart between $113,500 and $115,000. This area served as the breakout base and is likely to act as a major support during the ongoing retracement. Idea: BTC/USDT Technical Snapshot