Let me clarify the picture based on the chart I sent for BTC/USDT:
Current situation:
Price: $113,065
Last peak: $117,900
Important support: 111,400$ → then $109,000
RSI (6) = 52.90 → Neutral (neither overbought nor oversold).
Candles: There is a clear rebound from 109k → 113k, but selling pressure appeared at approximately 113,700$ .
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The closest scenario (supports your expectation):
🔹 Short bullish scenario:
The price has room to continue rising towards 116,000 – 117,200$ (a very strong resistance area).
This level (117,200$) coincides with a potential distribution area (profit-taking).
🔹 Then the bearish scenario:
If it fails to break 117,200$ – $117,900, we might see a new drop towards 113k first, then down to 110k – 109k.
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📌 Summary:
Yes, a logical expectation: the rise towards 117,200$ is very likely before any drop.
But you need to monitor:
A clear breakout above 118k = continuation of the rise towards 120k.
Failure at 117k = potential corrective drop.