*Chart Overview*

The chart displays the BTC/USDT pair on a 1-day timeframe. The current price is 114,544.4 USDT, with a 24-hour high of 115,709.0 USDT and a low of 113,583.4 USDT.

*SMC & ICT Analysis*

1. *Liquidity Zones*: The chart shows a significant price swing from around 98,200 to 123,223, indicating a potential liquidity zone at the lower end (around 98,200) and the upper end (around 123,223). These zones are likely to be areas where institutional traders have placed their buy or sell orders.

2. *Order Blocks*: There are visible order blocks around the 98,200 and 123,223 levels. An order block is a price area where significant buying or selling activity has occurred, often indicating institutional involvement.

3. *Fair Value Gaps (FVGs)*: FVGs are areas on the chart where price has gapped away from the previous candle's body, leaving an imbalance. There are FVGs visible around the 103,204 and 118,218 levels. These gaps might attract price back to them as the market seeks to rebalance.

4. *Market Structure Shifts (MSS)*: The chart shows a clear shift in market structure from bullish to bearish around the 123,223 level. This MSS indicates a potential change in the trend.

5. *Institutional Activity*: The presence of significant price swings and the formation of order blocks suggest institutional activity. The volume data at the bottom of the chart also indicates periods of high activity, which could be associated with institutional trading.

*Technical Indicators Analysis*

1. *EMAs (Exponential Moving Averages)*: The chart displays EMAs with periods of 5, 10, and 30. The current price is above the EMA5 (114,652.0) and slightly below the EMA10 (115,145.1), indicating a potential short-term bullish trend but with a risk of bearish crossover.

2. *RSI (Relative Strength Index)*: The RSI(24) is at 52.0, indicating a neutral market condition. The RSI(6) and RSI(12) are below 50, suggesting a potential short-term bearishness.

3. *Volume*: The volume has been fluctuating, with a notable increase during the price swing from 98,200 to 123,223. This suggests significant trading activity during that period.

*Buy/Sell Recommendations*

Based on the analysis:

- *Trend Analysis*: The long-term trend appears to be bearish after the price peaked at 123,223. However, the current price action suggests a potential short-term bullish trend if it can sustain above the EMA5.

- *Entry/Exit Points*:
- A potential buy entry could be considered if the price retraces to the EMA5 (around 114,652) and shows signs of support, with a stop-loss below the recent low (around 113,583).
- A sell entry could be considered if the price breaks below the EMA5 and continues downward, with a stop-loss above the recent high (around 115,709).

- *Insights*: The market is currently in a neutral state, with the RSI indicating no strong bullish or bearish momentum. The presence of FVGs and the recent MSS suggest that the price might continue to fluctuate within the established range before making a significant move.

In conclusion, while there are signs of both bullish and bearish trends, caution should be exercised. It's essential to monitor the price action around key levels (such as 113,583 and 115,709) and adjust strategies accordingly.