Here’s the current BTC price and technical context: 🔍 Technical analysis of BTC/USDT (4-hour timeframe and beyond)
🧾 Technical summary:
The evaluation of BTC/USDT analysis indicators currently shows Neutral, with the week’s trading tendency towards buying, and last month's buying suggests strength in the upward trend.
From the Moving Averages, 9 indicators signal Buy, 4 signal Sell, indicating the continuation of a medium-term upward trend.
Among the oscillators, opinions vary: 6 Neutral, 2 Sell, 2 Buy.
📉 Current scenario (after rejection of 119–120K levels):
BTC's failure to break the resistance level of 120K led to selling pressure, noting the exit of "whale" investors at these levels.
The completion of the Bull Flag pattern has been confirmed; it is nearing a breakout, targeting around ~131K.
On the other hand, there is notable accumulation between price levels 110–117K providing strong support in case of a correction.
🎯 Trading recommendation:
Scenario Direction Targets Stop Loss
Break below 117K 🎯 Sell 116K → 114K Above 118K
Bullish breakout above 120K 🎯 Buy 123K → 131K Below 119K
If the price breaks below the support at 117K, the price may move towards the 115–114K range.
While a clear breakout above 120K with support held above 119K enhances the bullish momentum expectations towards 123K then 131K.
🛑 Key points:
The temporary positivity of broad markets supports the upward trend, but weakness in institutional flows to ETFs like Franklin indicates a potential slowdown in momentum.
Candle formations and indicators like RSI and MACD may reflect a near-term reversal if clear divergence appears.
✅ Summary:
The medium-term trend remains bullish.
Trading within the range of 116K–119K should be accompanied by cautious movement and a clear strategy based on breaking support or resistance.
It is recommended to confirm entry after a clear breakout above 120K or a defined break below 117K accompanied by appropriate trading volume.
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