$BTC Has stabilized around $103,000 after a 10% rally earlier this week, driven by risk-on sentiment following a US-UK trade deal announcement and anticipation of US-China talks. It briefly reclaimed $104,000 after a lower-than-expected US CPI report (2.3% vs. 2.4% expected).

Relative Strength Index (RSI): RSI is above 70, reflecting strong bullish momentum but also raising concerns about overbought conditions. A high RSI could indicate a potential downward reaction, especially in the medium term.

MACD: The MACD indicator shows a positive signal with a value of 2902.96, but some sources suggest it leans toward a sell signal due to overbought conditions.

Moving Averages:

5-day MA ($95,892.43), 20-day MA ($93,231.87), 50-day MA ($87,415.43), and 200-day MA ($90,654.67) all suggest a buy signal as the current price is above these levels.

The 50-day EMA supports the bullish trend, with Bitcoin trading above it.

Volume: Positive volume balance indicates higher trading volume on days with rising prices, reinforcing investor optimism.

Key Levels:

Resistance: $105,500 is a critical level to watch. A breakout could push BTC toward new all-time highs near $108,000.

Support: $93,000 is the nearest support level, with $100,000 acting as a psychological and technical floor.

Bullish Case: A breakout above $105,500 could target $108,000 or higher, supported by strong momentum and institutional buying. Traders should monitor for sustained closes above the channel top on daily timeframes.

Bearish Case: Failure to break $105,500, combined with overbought RSI and MACD signals, could lead to a correction toward $93,000 or $90,000. A deeper pullback might test the 50-day EMA near $90,100.