$BTC As I mentioned before, if Bitcoin fails to meet above the 119k area, it will return to the 118k area. If it fails in this area, there is also a high probability that we will see it return to 116k and 117k, with the possibility of a decline to areas lower than it if negative news comes, but with the opening of the US markets, volatility may begin to be higher with CPI news related to inflation, which may be 2.8%. But Bitcoin, on the other hand, should rise, but what is happening here is the opposite, as the example shows us, or Ethereum reaching ETH 4300 this month, but everything goes against Bitcoin. The entry of liquidity into currencies greatly affects the rise of Bitcoin.
$BTC Currently the price is volatile due to CPI news before we see the news but you must understand that Bitcoin must close above 119k and retest the 120k, 121k and 122k areas. If it succeeds in meeting it, it is likely to target the 125k, 127k, 132k and 134k areas. These are the targets depending on the liquidity that came out the previous month, so caution must be noted when trading during CPI news.
$BTC The RSI indicator on 4h is negative after breaking the 55.00 area, indicating a possibility of a rebound from the 50.80 area, but if the target fails, the indicator will be 45.00, which means a violent correction for Bitcoin. The closest area to the RSI indicator is 49.70, which may retest BTC from the 55.10 area if the consolidation succeeds. The 45.00 area is an important buying area, and anything below to 40.00 and below will be a strong buy if the RSI indicator reaches this area.