Good analysis, if you notice the price usually breaks on the third touch. Right where we are today.
Bit Gurly
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Bullish
📉 #BTC/USDT MACRO VIEW (12H)
This chart highlights a repeated pattern of local tops followed by sharp pullbacks after testing horizontal resistance. 🔴 Each rejection zone (red boxes) led to:
~9–10% corrections in early phases
~30–35% corrections from major tops
Currently, $BTC is showing a similar rejection near the $111K zone. If history repeats, we could see a correction deeper than -10% unless bulls reclaim resistance fast.
{spot}(BTCUSDT)
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