$BTC #StrategyBTCPurchase ✅ What’s happening
Bitcoin is hovering around $103 K USD.
Technically, its trend is leaning bearish: many indicators classify BTC as a “Sell”/“Strong Sell”.
On-chain data shows rising selling pressure: both short- and mid-term holders are moving coins to exchanges, which could signal profit-taking.
---
⚠️ Risks to watch
Key support around $100,000 USD is under threat; if it breaks, analysts warn of a drop toward $93K-$74K USD.
The bounce so far has been weak, lacking strong follow-through volume. Without demand revival, relief bounce may fail.
---
🔍 My take
If you’re tracking BTC today:
The outlook is cautious/bearish rather than bullish.
If you’re holding, consider protecting profits or setting tight risk controls.
If you’re thinking of buying, perhaps wait for confirmation of strong support or reversal.
---
Would you like a slightly longer breakdown with key levels, or maybe analysis for short-term (intra-week) vs medium-term (1-3 months)?
