BTC/USDT – Range Formation Before Next Move?

Bitcoin is currently consolidating between $117,000 support and $120,000 resistance, forming a tight sideways range after a strong breakout.

🔹 Structure Insight:

Bullish rally stalled at $120K resistance zone.

Range-bound candles with wicks on both ends = indecision.

Strong demand zone near $117K, acting as short-term floor.

🔸 Indicators Flash Neutral Bias:

RSI cooling off below overbought zone (~63) – no strong momentum.

ADX low and flattening – trend weakening.

MACD losing strength – bull momentum fading.

Volume declining during consolidation = awaiting catalyst.

🟢 Bullish Trigger: Break above $120K with strong volume could ignite next leg up → Targets: $122K–$127K

🔴 Bearish Trigger: Breakdown below $117K opens door to $114K–$112K retest.

🧭 Outlook: Sideways range – wait for breakout confirmation before positioning aggressively.