🟡 Today's BTC Situation – 07/24

📉 Current price: ~117,500 – 120,000 USDT

📊 24h trading volume: ~14,400 BTC (~1.7 billion USDT)

📍 Volatility: BTC tested the 120k mark but was rejected multiple times → has not been able to break through

🔍 Quick Analysis

📈 Trend: Accumulation – unclear whether the trend is upward or downward

🧭 MACD: Still supports a slight upward trend

💼 Futures: Large amounts of money are still flowing into BTC, but altcoins are attracting more capital

📌 Strong resistance: 120,000 USDT

🛡️ Important support: 116,000 USDT

✅ Suggested Strategy

🎯 Short term (trade):

Buy around the 117k – 118k range

Look to take profits near 120k

If it breaks above 120k strongly → buy on breakout

📦 Long term (hold):

Can gradually accumulate below 120k

Hold if BTC does not drop below 116k

🧠 Conclusion

BTC is tightly accumulating below the 120k range. If it breaks this level with strong volume, the likelihood of entering a new upward wave is very high. Need to closely monitor price action in this area over the next few days.