$BTC /USDT

Key points:

Current price: ~$117,950 (with intraday range between $117,449 and $124,234)

After a recent all-time high (~$124K), BTC suffered a technical correction.

Strong institutional momentum:

Spot ETFs accumulate nearly 1.3 million BTC (~6.5% of circulating supply), and could surpass 1.5M before year-end.

Key regulatory changes (such as allowing crypto in 401(k) pensions) have noted significant inflows and institutional opening.

Key scenarios:

Scenario Key Condition Short / Medium Term Goals

Bullish If it holds above $122K–$123K Short: $125K–$130K → Medium: $150K

Neutral If it consolidates between $118K–$122K Support base to retry upward

Bearish If it falls below $118K Possible correction towards $110K or less

Key technical resistance: needs to strongly surpass $124K and maintain support above $122K.

Immediate support: between $120K–$122K, critical zone.

Express Recommendation:

Action Key Condition Tactical Goal

Buy Stay > $122K Short: $125K → Medium: $150K

Wait If it corrects towards $118K–$120K Re-entry from technical support

Super Quick Summary:

Rally halted after the zone between $124K and $125K. Ongoing technical correction.

ETFs accumulating Bitcoin; structural liquidity is decreasing.

Key support: $120K–$122K. Consolidation above that zone is key to continuing the bullish momentum.