📉 Bitcoin Daily 📈

May closed at 104544 — this level will act as a strong support/resistance in the months ahead. The weekly close at 105583 will play a similar role, though its influence will gradually fade over time.

The developing Daily 20-SMA now aligns with a Daily FVG around 106500, making it a price magnet for BTC. A retest of this dynamic level is likely to happen this week. Whether price finds acceptance above or below it will shape the market structure in the weeks to come.

The Weekly 20-SMA is currently around 94K. While I don’t expect BTC to drop that low, such a wide gap between price and the moving average suggests it will be difficult for $BTC to extend much further without some kind of pullback or consolidation.

The Monthly chart remains very bullish. However, the Weekly chart just printed a bearish engulfing candle, raising the odds of a deeper correction. For the Monthly chart to stay bullish, that correction could target the ~100.5–102.5K zone — which would represent the bottom of a potential bullish consolidation range on the Weekly timeframe.

🎯 Key Levels to Watch:

• Above: 106300 / 108000 / 108955 / 109400

• Below: 104545 / 103975 / 102380 / 101425

🔥 #Bitcoin Liquidation Heatmap:

• Above: 106250 / 106800 / 107257 / 107730

• Below: 104125 / 103105 / 102670 / 101845