Bitcoin is currently trading within a consolidation range ($113,000 - $119,000) as competing forces shape its trajectory.

🚀 Institutional Support:

- Corporate buying activity remains strong (Strategy Inc. holds 607 thousand $BTC)

- The UK's retail ETN launch in October could bring in over $4 billion in new capital

- Improved regulatory clarity with proposals for U.S. market structure

❌ Challenges:

- ETF capital inflow has slowed significantly (-53% since May)

- Technical indicators show a downward momentum (RSI 39.89, MACD -1.038)

- High Fed interest rates (5.25%-5.5%) continue to pressure risk assets

🔔 Important Levels to Watch:

- Resistance Level: $119,364 (Fib 23.6%)

- Support: $113,330 (Fib 61.8%)

- Key Floor: $99,570 (200-day EMA)

❓ Market Question:

Could Asian retail demand (driven by Japan's tax reforms) offset the slowdown in investment inflows from the West?

👉 The next big move will likely depend on whether BTC can hold above $113,000 or break through the resistance level at $119,000. Where do you predict the price will go from here?