Overview

• Bitcoin closed last week above the $119,200 bull flag top and is currently testing that level as new support
• The price is compressing inside a symmetrical triangle between roughly $117,000 and $118,700 as consolidation nears its apex
• Binance futures metrics show steady open interest and low funding rates, signaling silent accumulation by large traders
• Analysts warn of a potential liquidity-driven dip toward $110,000 to shake out weak positions before any decisive breakout
• Institutional ETF inflows and the upcoming Federal Reserve decision loom as catalysts for renewed volatility and upward momentum