Bitcoin $BTC 
is trading around $103,337, reflecting a recent pullback from its all-time high of $111,880. This decline is attributed to a combination of technical corrections and macroeconomic uncertainties, including renewed U.S. tariffs and rising bond yields.
Technical Indicators:
Moving Averages: BTC is trading below key moving averages, including the MA50 and MA200, indicating potential bearish momentum.
Relative Strength Index (RSI): The RSI is at 44.2, suggesting that BTC is neither overbought nor oversold, but leaning towards bearish territory.
MACD: The MACD indicator is negative, reinforcing the bearish outlook.
Support and Resistance Levels:
Support: Key support levels are identified at $102,153 and the psychologically significant $100,000 mark.
Resistance: Resistance is observed around $105,800, aligning with Fibonacci and EMA confluence zones. 
Market Sentiment:
Despite the recent downturn, the broader market sentiment remains cautiously optimistic. Analysts suggest that the current correction could be a healthy retracement in an ongoing bull market, with potential for BTC to target $118,000 in the near term.
