$BTC is currently showing strong consolidation above the $100k level, indicating that bulls are still in control of the broader trend. After a period of volatility, BTC continues to form higher lows, suggesting buyers are stepping in aggressively on every dip.
🔍 Key Observations
• Trend: BTC remains in a macro uptrend, supported by institutional purchases and ETF inflows.
• Support Zone: Strong demand visible around $98k–$100k.
• Resistance Zone: Sellers active near $104k–$106k. A breakout above this could open the path toward $110k.
• Momentum: Indicators show mild overbought conditions, meaning short-term pullbacks are possible but healthy.
• Market Sentiment: Overall bullish, with traders expecting continuation as long as price stays above $100k.🔥🔥
📈 Summary
Bitcoin is stable, strong, and bullish, holding major support and preparing for the next move. A breakout above $105k could trigger fresh highs, while dips continue to be bought aggressively.
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