$BTC is navigating a period of intense equilibrium testing, with its price hovering around $118,043. On the 1-hour chart, $BTC is challenging its EMA(99) at $118,170 and a cluster of short-term moving averages. While its 1-hour MACD shows a recent bullish cross, the daily MACD remains bearish. This mixed signal indicates $BTC is consolidating after a recent dip, attempting to regain higher ground amidst persistent selling pressure.