Bitcoin 4-hour RSI shows a bearish divergence at the $122,000 high, with buying momentum weakening, possibly in an overbought correction phase. The price is between the middle band (118,185) and the lower band (115,098) of the Bollinger Bands, which are narrowing into a volatility squeeze zone, indicating potential for significant short-term fluctuations.

The 115,000-116,000 area is a key defensive position for bulls. $BTC