$BTC
# Bitcoin Dance Between Correction and Rebound 🚀
Bitcoin is currently in a corrective phase after reaching its all-time high of $111,968 on May 22, and is now trading around $104,536. But don't worry - on-chain data indicates exciting possibilities on the horizon!
## Key Insights:
* **Liquidity Magnet**: A large cluster of liquidations at $109,933 may draw Bitcoin prices toward this level
* **Continued Positive Sentiment**: Despite the pullback, funding rates remain positive (0.005%), indicating that traders are still betting on upward movement
* **Technical Levels to Watch**:
- Support: $103,952 (recently bounced from here)
- Resistance: first $105,000, then $106,307
- Target: liquidity area at $109,000
Recent 4-hour charts show Bitcoin swinging between $103,864 and $105,936, confirming this consolidation phase. 📈
The information mentioned has been researched and summarized by artificial intelligence and does not constitute investment advice.
