My Take on This Week’s Theme: #WillBTCHit120K 🧊
📊 Judgment: NO — I don’t think BTC will hit $120K this week.
📉 Reasoning / Insights:
Technical View: Bitcoin’s rally looks overextended after multiple rejections near the $119K zone. The RSI is entering overbought territory, hinting at a possible short-term correction.
Resistance Zone: $118K–$120K remains a strong supply area with heavy sell orders. Without a clear breakout candle and volume confirmation, upward momentum may stall.
Market Sentiment: Too much optimism is building up — often a contrarian signal for a short pullback.
Macro Condit