Bitcoin Short-Term Rejection at Golden Pocket Zone!

Bitcoin faced strong resistance near the 61.8% Fibonacci retracement level (~116,400), aligning perfectly with a descending trendline from the previous highs — a classic confluence zone for a rejection.

🔻 Price formed a rejection wick and is now trading below that key zone, suggesting potential bearish pressure unless bulls reclaim and sustain above 116.4K.

📌 Key Levels:

Resistance: 116,400 (61.8% Fib + Trendline)

Immediate Support Zone: 115,250–114,500

Deeper Demand Zone: 113,250–113,000

💡 Watch how price reacts at the mid-support zone (115k). If broken, BTC could revisit the deep demand zone. Bulls must reclaim 116.4K for further upside continuation.

⚔️ Structure: Lower High in play
⏳ Timeframe: 1H
🛑 Bias: Short-term Bearish unless breakout confirmed above 116.4K

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