#TrumpTariffs As of June 4, 2025, Bitcoin (BTC) is trading at approximately $105,437, reflecting a marginal decline of 0.03% over the past 24 hours. The intraday high reached $106,809, while the low touched $104,982, indicating a relatively narrow trading range.

Market Overview:$BTC

Price Stability: BTC has shown stability around the $105,000 mark, with minor fluctuations. This consolidation suggests market indecision, as traders await clearer signals for the next directional move.

ETF Inflows: Notably, there was a significant ETF inflow of $375.1 million from the prior day, highlighting continued institutional interest despite the lack of strong price momentum.

Technical Analysis:

Resistance and Support Levels: The $106,000–$106,500 region remains a firm resistance zone, with sellers actively defending this level. Immediate support is identified at $104,200, with a more critical support level at $102,505.

Indicators:

Relative Strength Index (RSI): The RSI hovers around 48, indicating neutral momentum.

Moving Averages: Short-term moving averages suggest a slight bullish trend, but the overall momentum remains subdued.

MACD: The MACD on the 30-minute chart shows a bearish crossover, signaling potential short-term downward pressure.

Trade Considerations:

Bullish Scenario: A sustained move above the $106,500 resistance could open the path toward the $108,000–$112,000 range. However, this would require increased buying volume and positive market sentiment.

Bearish Scenario: Failure to hold the $104,200 support may lead to a decline toward $102,505. A break below this level could intensify selling pressure, potentially targeting the $97,505 area.

Market Sentiment:

The market exhibits a cautious tone, with traders closely monitoring macroeconomic factors and regulatory developments. The substantial ETF inflows suggest underlying institutional confidence, but the lack of strong price movement indicates that retail participation may be waiting for clearer signals.

Conclusion:

Bitcoin's current price action reflects a period of consolidation, with key resistance and support levels in focus. Traders should watch for a decisive move beyond these levels to determine the next significant trend. Staying informed on market indicators and news will be crucial for navigating the upcoming sessions.