Here’s a short latest analysis of Bitcoin (#BTC ):

✅ What’s going on

Bitcoin is trading around $106,000 after recently dipping toward the ~$99,000 support zone.

On-chain and technical signals suggest accumulation could be happening, as some leveraged positions were cleared out in the recent dip.

From a technical viewpoint, some indicators remain cautious: for instance, on daily charts the momentum signals show mixed to bearish bias.

⚠️ Key levels to watch

Support: ~$99,000 to ~$100,000 is a major area that held recently. A break below could open space toward ~$94,000 or even ~$85,000.

Resistance: ~$116,000 is acting as a ceiling for the moment. A breakout above that could signal renewed upside.

🔍 Outlook

Short term: Cautious. With momentum weak, bitcoin may remain range-bound or even test supports unless buyers step up.

Medium term: If support holds and institutional inflows resume, potential for upward move remains. But the risk remains elevated until stronger technical and macro confirmation arrives.

The broader market context (macro economy, regulation, #ETF flows) will continue to impact sentiment strongly.

🎯 My take

If I were to summarise: Bitcoin is in a holding pattern for now. It has found some support near ~$100k, but until it convincingly breaks above the ~$116k resistance zone and shows strong momentum, upside is limited. Conversely, a break below ~$99k could lead to deeper retracement. A balanced, risk-aware approach seems prudent at this stage.

If you like, I can pull detailed charts (including volume, MACD, RSI) and forecast scenarios for next week/month. Would you like that?