According to @MilkRoadDaily, BTC reached 122,000 USD this morning before sliding back below 120,000 USD, marking the fourth intraday break above 120,000 USD since July 14 that failed to hold, source: @MilkRoadDaily. Based on this repeated rejection pattern reported by @MilkRoadDaily, 120,000 USD is acting as a key resistance level that traders are monitoring for a sustained close and follow-through, source: @MilkRoadDaily. The immediate trading takeaway is that momentum confirmation requires a decisive move and hold above 120,000–122,000 USD to invalidate the repeated fade, while failure to hold continues to reinforce a range with sell pressure near 120,000 USD, source: @MilkRoadDaily.