$BTC

#BTC /USDT

Analysis date: June 5, 2025 | Time: 13:51

Highest price in 24 hours: $105,967.2

Lowest price in 24 hours: $104,111.7

24-hour trading volume: 122,740.386 BTC

Precise consolidation within corrective range amid mixed pressures

BTC is currently trading at $104,940, down slightly by -0.50% over 24 hours, showing sideways behavior between $105,967 and $104,100, amid narrow fluctuations indicating market hesitation after failure to break the recent resistance.

◇Analysis and Forecast

After repeated failures to break through $106,775, the price entered a mini descending channel confirming a decline in upward momentum. The last low at $103,600 represents a momentary support that the price is trying to defend.

Current indicators show divergence between weak selling liquidity in the short term and defensive buying attempts near levels of $104,900.

◇Note: The narrow fluctuation in the range $104,800 - $105,100 may be a testing opportunity for a decision level, as prominent traders are monitoring it to determine the direction of the next wave.

Resistances:

$105,967 (Today's peak)

$106,775 (Previous major retracement level)

Supports:

$104,111 (Today's low)

$103,600 (Previous technical retracement area)

◇The market is trading in a narrow range reflecting a state of anticipation amid balanced technical pressure. The neutral scenario remains dominant as long as there is no clear break below $104,100 or a high-volume breach above $106,000. Monitoring the upcoming close will be crucial to confirm any calculated future entry.

#MyCOSTrade #CUDISBinanceTGE #BlackRockETHPurchase #BinanceAlphaAlert