BTC Market Insights Weekly Report: Weekly Prediction Challenges

My Prediction:
I believe BTC will not reach the level of #BELIEVE this week. Additionally, there remains a risk of a pullback, with a key factor potentially being the unfilled GAP on the CME chart.
Technical Analysis Basis:
· Current Price: $114,724. BTC is in a consolidation zone below the resistance level of $115,789, with a 24-hour high #WillBTCHit120K .
· Indicators show overbought conditions:
· RSI$120K 9( = 87.4 — indicating strong overbought status. Historically, such levels often precede corrections or sideways movements.
· MACD: Positive, but momentum is weakening, suggesting the bullish trend is losing strength.
· Main Risk Factor: CME GAP
· On CME futures charts, price gaps typically form over the weekend ) GAP ( due to trading pauses, while the spot market continues to fluctuate.
· These gaps have a high probability of being filled ), as prices tend to revert to "fill" the gap (, acting like a magnet.
· Currently, the most recent significant gap is located below the current price, around $110,000 - $112,000. If the market begins to lose bullish momentum, this area could become the main target for a downtrend.
Conclusion:
The combination of technical overbought conditions ) RSI > 85( and the unavoidable attraction of unfilled gaps on CME presents a risk to the price. BTC is more likely to move toward filling the gap in the $110K-$112K region rather than surging to $120K, allowing it to gather strength before the next rally.
Trading Plan: Breaking through and maintaining above $116,500 could eliminate the negative scenario. However, caution and risk management should be prioritized before that.