BTC analysis, supports 116k, targets 122k, caution below 115.9k

• Bullish momentum confirmed on all timeframes (1D to 1H).
  
• Key supports: 115,960 / 117,423 / 117,700. Main resistances: 119,573–119,800–122,318.
  
• Volumes overall normal to moderately high, no climax.
  
• Risk On / Risk Off Indicator: strong buy signal for all higher TFs, neutral on 30m/15m (momentary exhaustion).
  
• ISPD DIV neutral across all frames, no extreme or behavioral signals.
  
• MTFTI trend: up / strong up across the board.
  

• Main bias: confirmed bullish, high-range maintained between 116k–122k.
  
• Opportunities: buy on validated pullbacks between 116k–117.7k, take partial profits under 119.5k–122k.
  
• Risk areas: sharp downside below 115,960 with potential extension to 112k/110k.
  
• Macro catalysts: PCE (slightly above consensus), Fed on hold, moderate volatility. No negative crypto catalyst in sight.
  
• Action plan: Tactical stop-loss below 115,960, defensive management within range.
  

1. 1D – Support: 115,960 (Pivot Low), Resistance: 119,573–122,318. Strong momentum, resistance clusters.
   
2. 12H/6H/4H – Bullish structure, moderate volume participation, consolidation under major resistance, pullbacks defended.
   
3. 2H/1H – Compression between pivots, patience before breakout or support retest.
   
4. 30m/15m – Tight consolidation, Up momentum but neutral behavioral signals, compression pre-move.
   
5. Risk On / Risk Off Indicator: Strong buy on all TFs except intraday, neutrality on 30m/15m (temporary stall).
   
6. ISPD DIV: No euphoria/fear, median persistent zone.
   
7. Volumes slightly above average, healthy structure.
   
8. Summary: Technical and fundamental confluence, upper range maintained, no reversal signals present.
   

• Main bias: confirmed bullish on all frames, but increased caution above 122k.
  
• Plan: tactical buy only on validated pullback/price action, defensive profit-taking near resistance.
  
• Stop-loss below 115,960. Major invalidation under this threshold (low liquidity area).
  
• Monitor reactions to upcoming macro events (PCE/Fed) and any escalation in geopolitics.
  

• US Macro: PCE YoY above forecast (2.6% vs 2.5%), Fed on hold, USD under pressure.
  
• No systemic negative crypto alerts. IMF to classify BTC as “national wealth” from 2026.
  
• On-chain: Large liquidity test absorbed, 97% of BTC supply in profit, network consolidation in 117k–122k.
  
• Specific risk on break <115k: potential acceleration towards 110k.
  

Summary: BTC/USDT is in a structural range 116k–122k with a dominant bullish bias, supported by technicals, strong macro and on-chain content. Accumulating at supports and defensive sells near resistance remain optimal until confirmation of a directional breakout.
Suggested stop-loss: <115,960.
Moderate risk until the next major macro/event catalysts.