$BTC 📊 Current Market Overview:

• Price: Around $118,120 – $118,132 with a +0.76% to +0.77% daily gain.

• 24h Range: Highest at $118,741.77, lowest at $116,359.89.

• Volume: 24h trading volume at 11,909 BTC (~$1.4B USDT).

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🔍 Short-Term Analysis (first chart – intraday)

• BTC price recently rebounded sharply above the MA60 (around $118,085), which can indicate a short-term bullish momentum.

• Trading volume has increased significantly during the upward spike, suggesting stronger buyer interest.

• However, the sharp rise after a dip hints at possible volatility in the next few hours. If the momentum sustains above MA60, the price may test $118,700 again.

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📈 Mid-Term Analysis (second chart – daily candles)

• Since mid-July, BTC climbed from $107,245 to $123,218, then retraced to around $113,474 before recovering to the current $118K level.

• The recent upward candles indicate a potential recovery phase after the pullback.

• Key resistance: $120,500 – $123,200 zone. Breaking above could open the path to retest $124,000.

• Support: $113,500. If broken, BTC could drop toward $110K.

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📊 Trend Outlook:

• Short-term (next 24–48 hours): Mild bullish bias if the price holds above $118,000 and volume remains strong. Possible target: $118,700 – $119,500.

• Mid-term (1–2 weeks): BTC may attempt another push toward $120,000–$123,000, but failure to break that zone could lead to sideways consolidation or a retest of $113,500.

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⚠️ Risk Note:

• BTC remains volatile, and sudden macroeconomic news or large whale activity could trigger quick reversals.

• Watch for a fake breakout above $118,700 — confirmation will require sustained volume and daily candle close above $119,000.