Analysis through chart and Fibonacci.

BTC recently surged, reaching a local high at ~$118,839, showing a sharp upward movement.

Price is currently consolidating just below the recent high.
A horizontal support is marked at $110,695, aligning closely with the 0.236 level.

A larger support zone is marked around $105,902, the 0.618 Fib level — a crucial area for potential bounce.