During the last three days, Bitcoin (BTC) has traded within a range of **106,600 – 111,700 USDT**, where it settled today near **108,000 USDT** after repeated attempts to break through the **110,000 USDT** level. Despite the upward momentum that pushed it to record **111,970 USDT** on May 22, the price was unable to maintain the gains, leading to some profit-taking. The market shows **cautious optimism**, as investors monitor trading volume and technical indicators to determine the upcoming direction. If Bitcoin can consistently surpass **110,000 USDT**, we may witness a new upward wave, while **106,600 USDT** forms a key support level that must be monitored to ensure no larger pullback occurs.
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