📉 Nearby Supports #BTC
• The level of 118,100 is considered a very important support at the moment, as the price is trading close to it.
• There is strong technical support at 113,460, which is from a significant previous low.
• The next support is at 107,957, which represents the beginning of the last upward wave.
• There is also psychological and technical support at the level of 102,453.
📈 Nearby Resistances
• The current resistance is at 118,964, which is a level the price has not been able to clearly surpass.
• There is notable resistance at 123,218, which is the highest peak recorded recently.
• The most important psychological and technical resistance is at 124,468.
🔍 Short-Term Market Outlook
• The MACD indicator is still positive, but shows convergence in the lines indicating a potential decline.
🔮 Possible Scenarios
In the event of a bullish breakout, surpassing the level of 118,964 and stabilizing above it may open the way to targeting 123,218 then 124,468, and it is preferable to enter after a clear daily candle closes above the resistance.
On the other hand, in the case of a correction, breaking the level of 118,100 could lead to a drop toward 113,460 or even 107,957. If the price reaches 113,000, it may present a buying opportunity provided that strong rebound signals appear.

🎯 Current Technical Recommendation
It is advised to monitor cautiously, as the market is in a consolidation phase between support at 118K and resistance at 119K.
Buying is not preferred until the resistance is clearly broken, or waiting for a drop towards confirmed supports like 113K or 107K.