$BTC /USDT

Key Context & Catalysts

Current price: around $118,655, after reaching an intraday high of $123,845.

ETFs & institutional demand:

Over $2.39 billion in net flows into Bitcoin ETFs have been recorded this week.

The price broke the range of $122K–$122.5K, supported by $78.5 million in net outflows from exchanges, suggesting strong accumulation.

Volatility: it is at its lowest in the last two years, reflecting increasing stability in the market.

Quick Technical Scenarios

Scenario Key Condition Target Goals

Bullish Stay above $122K–$123K Short: $124K–$125K → Medium: $130K–$134K

Neutral Consolidate between $118K–$122K Base for possible new thrust

Bearish Fall below $118K Risk of drop towards $115K

Express Recommendation

Buy if BTC consolidates above $122K, aiming for $125K and beyond.

Wait if it corrects towards $118K–$120K, attempting reentry when levels strengthen.

In Summary

Price action suggests accumulation, supported by ETF and institutional flows.

Critical supports between $118K–$122K and immediate resistance at $122–$123K.

The technical scenario remains tilted upwards as long as it stays above these levels.