🚨 $BTC Market Update 🚨
As of now, Bitcoin is trading around $103,346, having dipped nearly 1.2% intraday. It’s bounced between a low near $100,781 and a high of $105,888 .
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📌 Key Insights
1. Pullback from recent highs
BTC remains below its recent all-time highs (~$109K–$111K), signaling a modest retracement following the late‑May rally .
2. Macro and political pressure
Market sentiment is slightly negative, influenced by fading euphoria from macro events—like Trump-Musk tensions—and traders locking in profits .
3. Regulatory and institutional tailwinds
Despite short-term pullbacks, positive developments such as Trump Media’s Bitcoin ETF proposal and Binance’s regulatory wins provide longer‑term support .
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🔍 What to Watch
Support near $100K: Holding here would show resilience; if it breaks below, a test of $98K–$99K becomes likely.
Resistance zone: Eyes on $105K–$108K—sustained move above could set the stage for a renewed run.
Upcoming catalysts: Pay attention to U.S. macro data (like Friday’s jobs report) and any crypto‑regulatory updates.
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💬 Your Move?
Are you setting your sights on $110K if Bitcoin holds support, or preparing for deeper correction? Drop your trade setups and stop-loss levels below! #BinanceSquare #CryptoTrading #MarketUpdate