Chart shows BTC/USDT on the daily timeframe with a high density of technical indicators and annotations. Here's a breakdown of the key elements and what they suggest:

🧠 Technical Highlights:

1. Current Price

• BTC/USDT: $118,111
• Modest green candle today (+0.23%), suggesting a pause or mild continuation of trend.

2. Support & Resistance Zones

• Immediate Resistance: Around $120,000 – $124,000
• Major Support Levels:
  • $114,722 (orange line)
  • $110,014
  • $104,948
  • $98,127 (200-day MA – strong dynamic support)

3. Volume Profile (on right)

• Highest trading activity occurred around $102,000–$108,000, indicating a strong demand zone below current price.

4. Chart Pattern

• Double Bottom/V-Shape Recovery: Seen between March–April
• Breakout Rally: Since early July, price has made a higher high above June resistance.

5. TD Sequential Indicator

• Multiple green '9's and '13's in recent candles indicate exhaustion of bullish momentum might be approaching soon (potential short-term pullback or consolidation).

6. Moving Averages

• Price is above all key MAs (20, 50, 100, 200), showing strong bullish momentum.
• 200 MA (blue) is flattening upwards, confirming long-term bullish structure.

🔍 Possible Scenarios

✅ Bullish Continuation

• If BTC sustains above $114,700, next leg could target $124,000–$128,000 zone.

⚠️ Pullback Risk

• TD Sequential exhaustion + resistance at $120k zone could trigger a pullback.
• Support zone to watch: $110,000 – $104,000 (could be good dip-buy zone).

📌 Summary

• Trend: Bullish
• Momentum: Strong but nearing exhaustion (watch for signs of pullback)
• Bias: Buy-the-dip above $104k; avoid chasing unless breakout above $120k is confirmed with volume.

Forecast for the upcoming week:

📈 Expected Move: Bullish Continuation with Caution

✅ Base Scenario: Upward Continuation to $120K–$124K

• Momentum: Still bullish (price above all major MAs, strong breakout confirmed).
• Volume Profile: Thin resistance above $118K suggests a push toward $120,000–$124,000.
• Wave Structure (Elliott or TD): Price seems to be in the final leg (Wave 5 or TD 7–9); may see a short-term top mid-week.

🔄 Short-Term Pullback Zone

• If rejection occurs at ~$120K:
  • Support test at $114,700 or $110,000 is likely.
  • Could consolidate between $110K–$120K before final breakout attempt.

🔍 Key Price Levels:

⏳ Weekly Price Projection:

🧠 Analyst Note:

• BTC remains in a strong uptrend, supported by major moving averages.
• Short-term indicators (e.g., TD Sequential, overbought RSI) hint at a pause or pullback mid-week.
• Any dips to $110K–$114K could be ideal re-entry zones for traders.

✅ Strategy Summary: