BTC, the price has pulled back to the support level of 118400, which provides effective support. Any upward movement can be seen as a buying opportunity. The MACD histogram remains negative but is gradually shortening, indicating that the bullish momentum is building up, even though there is no obvious trend in the market at the moment.

The 4-hour candlestick chart is forming a symmetrical triangle, and the Bollinger Bands width has narrowed to the lowest in 30 days, indicating a decrease in liquidity and the market is in a narrow trading range. Once the price breaks upward from the symmetrical triangle, a new uptrend will begin!

Recommendation: Buy around 119000, target 121000, if broken look for 123000.