Shorter timeframes, like the 1-hour, show $BTC currently in a tighter range, finding tactical equilibrium around 118,000. The moving averages (MA(7): 117,959 MA(25): 117,927 MA(99): 118,526 are closely intertwined, indicating short-term indecision. The hourly RSI at 51.43 is neutral, setting the stage for a breakout in either direction.

On the weekly chart, $BTC is consolidating just beneath its all-time high of 123,218, a testament to immense long-term strength. The price is well above all key weekly moving averages, which are firmly fanning out upwards. The weekly RSI, currently at 68.87, shows significant underlying momentum with ample room to continue climbing without being overextended.