BTC Consolidates Around $103K – Awaiting Next Move
📊 Market Insight:
As of May 31, 2025, Bitcoin is trading at approximately $103,403 USD, experiencing a slight decline of about 2.35% over the past 24 hours. The intraday high reached $105,930, while the low touched $103,289. This consolidation follows a recent all-time high of over $111,000.
📈 Technical Highlight:
Support: $103,000
Resistance: $106,000
Key Level to Watch: $100,000 (psychological support)
💬 My Take:
Bitcoin is currently in a consolidation phase after its recent peak. The market is showing signs of indecision, and a breakout in either direction could set the tone for the coming weeks. I'm monitoring the $100K support closely; a break below could indicate a deeper correction, while a move above $106K might signal renewed bullish momentum.
📌 Tip of the Day:
📌 In volatile markets, it's crucial to manage risk and avoid over-leveraging.
#BTC #Bitcoin #CryptoTrading #BinanceFeed #MarketUpdate#
