BTCUSD 1D TimeframeBitcoin is trading near $117,800 – $118,400
It’s in a sideways consolidation zone after a strong uptrend
📊 Technical Summary
📈 Trend Direction:
Primary Trend: Bullish (long-term)
Short-Term Trend: Sideways to slightly bullish
Structure: Higher highs and higher lows still intact
🔍 Key Support & Resistance Levels
🟢 Support Zones:
$117,000 — Immediate support zone
$115,000 — Minor demand zone
$112,000 — Key swing low support
$108,000 – $110,000 — Strong base if correction deepens
🔴 Resistance Zones:
$119,000 — Current price ceiling
$121,000 — Breakout target
$123,000 – $125,000 — All-time high resistance area
🧠 Indicators Overview
📌 RSI (Relative Strength Index):
Around 58–60
Shows moderate bullishness — not overbought
📌 MACD (Moving Average Convergence Divergence):
MACD line above signal line, but momentum is weakening
Indicates potential slowing of bullish push
📌 Moving Averages:
20-day EMA: Below price — short-term support
50-day EMA: Also below — confirms mid-term uptrend
200-day EMA: Far below — strong long-term bullish signal
🕯️ Candlestick Behavior
Recent candles are small-bodied: suggests indecision
Wicks both sides: market waiting for next trigger
No bearish reversal patterns visible yet
