📌 $BTC is still in a downtrend — a clear series of lower highs and lows. Current phase — consolidation in the $119,200–$120,000 zone after the drop

📊 MA (Moving Averages):

MA(7): $119,802 — price is almost at the level of the short-term MA

MA(25): $120,198 — still above the price, acting as resistance

MA(99): $120,560 — global resistance not broken

🔸 All MAs above the current price ➝ technically bearish picture

📉 RSI (6): 41.80

🔹 Indicates neutral-weak buyer power, no overbought or oversold

📉 Volumes:

Gradually decreasing ➝ decreasing interest, possible transition to flat or accumulation

🧭 Forecast for today

🔺 Bullish scenario:

Breakout and consolidation above $120,200 (MA25 + local highs) ➝ potentially to $121,000–121,500

🔻 Bearish scenario:

Break $119,200 ➝ opens the way to $118,600 and below

💡 Recommendation:

Trading in the middle of the range is risky — no clear momentum

Wait for a breakdown of the key level ($120,200 or $119,200)

Signals are weak, be careful when opening new positions

📌 Conclusion:

$BTC is currently “hanging” between support and resistance. The market is cautious, and without strong volume, the direction is not determined. Watch for breakouts — they will set the pace for the coming hours

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