✅ What’s working
$BTC is trading around ~$106,000, after bouncing off the ~$99,000 support zone.
Large holders (“whales”) have reportedly accumulated ~US$32 billion worth of BTC around the dip, which indicates structural strength.
Institutional interest remains high: big asset managers view Bitcoin as a long-term network-growth investment, not merely short-term spec.
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⚠️ What’s concerning
$BTC faced rejection from the ~$116,000 resistance and is now consolidating above $100,000, but the structure appears fragile.
Technical indicators show caution: On the daily chart, while many moving averages are bullish, some momentum readings suggest weak buyer conviction.
If support around $95,000 or lower) could be at risk.
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🔍 What to watch
Break above ~$108,000–110,000: That could flip sentiment back to bullish.
Hold above ~$100,000: Maintaining this level keeps the narrative intact; a breakdown could signal deeper correction.
Whale & institutional activity: Continued accumulation may underpin further upside; selling or reduced accumulation could warn of weakness.
Macro / regulatory events: Given Bitcoin’s sensitivity to broader risk-sentiment and regulatory headlines, external shocks matter
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