Bitcoin Full analysis: Buy the dip confirmed, 123240 key

• Momentum: Very bullish across all timeframes; healthy compression above previous range.
  
• Key Supports: 115731–110481 USDT (structural, 1D to 1H).
  
• Major Resistances: 123240 USDT (multi-frame pivot).
  
• Volume: Normal, no climax or distribution — flows support the dominant bias.
  
• Risk On / Risk Off Indicator: Strong bullish HLTF signal; short-term neutral intraday.
  
• ISPD DIV: Neutral on all timeframes.
  
• Multi-TF Behavior: Bull rally, no excess, no euphoria or capitulation; market holds above key levels.
  

• Global Bias: Strong bullish – MT/LT “buy on dips” confirmed.
  
• Opportunities: Progressive buying (117800, 115731 USDT), continuation on breakout >123240.
  
• Risk Zones: Possible pullback if clear rejection below 123240, swing invalidation if close <115731-111949.
  
• Macro Catalysts: Awaiting FOMC late July, short-term volatility limited. Watch geopolitics, extreme compression.
  
• Action Plan: Swing entry: 118300–119000. Stop: 115500. Target: 123200 then 126000+. R/R ≥2.5. Adjust risk management before FOMC.
  

1. 1D: Bullish momentum, supports at 105054/107939–110483. Risk On / Risk Off Indicator strong buy, healthy volume, ISPD neutral.
   
2. 12H: Consolidation below 123240, aligned supports 110481/115731, healthy structure.
   
3. 6H: Confirmed momentum, continuous compression, no major sell signals.
   
4. 4H: Rally structure robust, corrections limited and on support.
   
5. 2H: Key support band 115731–110481, volume supports rebound, possible rotation below 123240.
   
6. 1H: Rally confirmed, no panic selling detected.
   
7. 30min/15min: Intraday consolidation, micro-range below resistance, stable volume, Risk On / Risk Off Indicator short-term neutral.
   
8. Cross-TF summary: CLEAR momentum across all frames, no significant divergence, high-quality HTF supports. Next >123240 breakout likely fast and dynamic.
   

• Technical Synthesis: Broad bullish confirmation; buy-the-dip valid on 117800/115731, no aggressive downside signal. Swing positions above 118200 to be favored, expect acceleration after clear break of 123240.
  
• Stops & Invalidation: Swing stops below 115731/111949. Closing below = increased risk, “off” bias.
  
• Fundamentals: Optimal pre-FOMC swing window, US market in wait-and-see mode short term. Neutral/volatile geopolitics, no immediate shocks.
  
• On-chain: Heavy accumulation, historic compression, ETF flows strong (but on short pause). Imminent volatility squeeze possible either way.
  

Recommendation: Actively monitor 123240 (breakout above), 115731 (below = increased caution). Adjust stops and sizing, remain highly responsive, especially as FOMC approaches.