Bitcoin is currently in the "eye of the volatility storm," and the short-term direction will be determined by the outcome of the $116,500–$118,500 range.
The medium-term trend depends on two major contradictions:
- Bullish momentum: Institutional funds continue to flow in (ETF increments + sovereign fund allocations);
- Bearish pressure: Seasonal correction patterns and technical divergence from historical highs.
Recommended actions:
If it breaks through $118,500, go long → Target $122,500;
If it falls below $116,500 → Go short → Target $113,500.
