💹 Current Price

As of June 5, 2025, Bitcoin (BTC) is trading at approximately $101,247, after a 3.5% drop in the last 24 hours. During the day, the price reached an intraday low of $100,781, showing significant bearish pressure.

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📊 Key Technical Levels

Immediate support: The $100,000 zone acts as a crucial psychological and technical support. A sustained break below this level could lead the price towards $97,600, according to some analysts.

Immediate resistance: The $104,000 level represents the closest resistance. Breaking above this threshold could allow BTC to regain ground towards $106,000.

50-day moving average: Currently at record levels, this indicator suggests a long-term upward trend. However, the decrease in the difference between the price and this moving average indicates a possible short-term correction.

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🔍 Technical Indicators and Market Sentiment

Double top pattern: A possible double top pattern has been identified on the daily charts, a bearish signal that could anticipate a trend reversal.

Fear and Greed Index: Currently at 57, indicating "Greed," reflecting moderate confidence among investors.

Trading volume: The total cryptocurrency market volume has decreased to $89 billion, suggesting lower market participation and possible volatile movements.

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🌐 Macroeconomic Factors

The recent weakness in U.S. employment data has increased expectations for interest rate cuts by the Federal Reserve. This could benefit risk assets like Bitcoin in the medium term, with projections pointing to a possible rally towards $115,000 in July.

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📈 Short-term Outlook

Bullish scenario: If BTC manages to stay above $100,000 and breaks the resistance at $104,000, it could initiate a recovery towards $106,000 and beyond.

Bearish scenario: A drop below $100,000 could intensify selling pressure, driving the price towards $97,600 or lower levels.

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❓ Final Question

Given the recent drop of Bitcoin below $101,000, do you consider it a buying opportunity or do you anticipate a deeper correction in the short term?

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