$BTC Analysis

1. Current Price & Performance

• BTC is trading around 113,150 USDT, marking a -3% daily decline.

• The 24h range shows a high of 116,750 and a low of 112,767, indicating strong volatility.

• Over the last 7 and 30 days, BTC is down -5.43% and -4.56% respectively, signaling short-term weakness.

2. Trend & Moving Averages

• The price is below the MA60 (113,288), confirming bearish momentum.

• Short-term MA(5) and MA(10) are also flattening, showing weak buying support.

3. Candlestick & Price Structure

• The second chart highlights BTC’s failure to hold above 124,474, followed by a sharp pullback.

• The rejection from that resistance level suggests strong selling pressure near 124k.

• Current support is around 111,920, a key level to watch.

4. Volume

• A spike in red volume candles shows that sellers are dominating.

• The recent bounce attempts lacked strong green volume, indicating weak buying conviction.

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Prediction

• Short-Term (1–2 weeks): BTC may continue its bearish correction toward the 111,900–112,000 support zone.

• If support holds, a rebound toward 116,000–118,000 is possible.

• If support breaks, BTC could test deeper levels near 110,000–108,000.

• Medium-Term (1–2 months): Despite the current correction, BTC still shows a +92% gain YoY, meaning the macro trend remains bullish. A consolidation phase around 112k–118k could set the stage for another attempt toward 124k and beyond.

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✅ Conclusion: The short-term trend is bearish, with risk of retesting 112k. However, if BTC holds above this key support, buyers could regain strength and push toward 118k–120k in the coming weeks.