Btcusd techinical analysis.

Chart Overview (BTC/USD - 2H, OKX):

Current Price: $119,240.5 (+1.23%)

Key Zones:

Support Zone: Around $118,695.8 (highlighted for July 17, 12:00)

Resistance/Target Zone: Around $123,250 (based on the measured move)


Fibonacci Levels: Drawn from the recent swing high to swing low

Important retracement levels: 0.236, 0.382, 0.5, 0.618, 0.786

Price is currently testing the 0.5–0.618 zone, which is a common area for potential breakout or rejection



Potential Price Move:

Bullish Projection:

Upside target of $4,009.7 (3.38%) from the breakout area

Reaching the $123,250 range by July 17 at 12:00 (UTC)



Technical Patterns:

It looks like you're tracking:

A potential bullish breakout from a consolidation range

Possibly a bullish flag or continuation pattern

Momentum is shifting after a clean bounce off the 0.236 zone




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Let me know if you want:

A deeper analysis (e.g., RSI, MACD, volume)

Confirmation for long/short entries

Risk management suggestions


What’s your goal here — are you planning to trade this move or just analyzing the pattern?