$BTC is trading around $103,000 USD, with a market cap north of $2 trillion. CoinMarketCap+2Coinbase+2

From a macro perspective, tailwinds include potential easing of monetary-tightening by the Federal Reserve and growing regulatory / institutional acceptance of crypto. CoinMarketCap+1

Technically, longer-term indicators remain in favour: BTC is above its 100-day and 200-day moving averages, hinting that the structural uptrend remains intact. FinanceFeeds+1

⚠️ What to watch out for

In the short term, momentum appears to be waning: RSI readings are flattening, and key support levels around ~$110,000–$107,000 are being challenged. FinanceFeeds+1

If support breaks, there is risk of a deeper pullback possibly toward ~$100,000 or lower. FinanceFeeds+1

A lot of bullish scenarios are built on macro drivers (liquidity, institutional demand) which if delayed or absent may weaken the case.

🎯 Where it might go

Bull case: If BTC reclaims ~$114,000 with strong volume, the next upside targets could be ~$120,000+ and maybe higher later in the cycle. FinanceFeeds+1

Bear case: Failure to hold ~$110,000 could trigger a slide toward ~$100,000 or lower, especially if macro conditions turn unfavourable.

My view: The long-term trend remains bullish, but for now the market is in a consolidation phase. It’s a good time to be cautious rather than aggressively chasing upside.

Bottom line: Bitcoin remains a core speculative asset with strong structural tailwinds, but near-term caution is warranted due to stretched momentum and critical support levels.#BTC #StrategyBTCPurchase