Btcusd- Rejection From Trendline Resistance Targeting Support

BTCUSD on the 1-hour timeframe is currently respecting a descending trendline resistance, showing repeated rejections each time price approaches the upper boundary. After multiple changes of character (ChoCH) during the London and Tokyo sessions, the structure indicates a weakening bullish momentum and potential for a bearish continuation.

Price is now consolidating below the trendline, suggesting sellers may take control to drive the market back toward the major support zone. The target area aligns with previous liquidity resting below the support, where price may react for a possible short-term bounce or structure shift.

If bearish pressure continues, we can expect price to fill the imbalance and tap into the support level near the highlighted target area before any reversal signs appear.

Target: Support zone near 121,000