🔥 Choppy Waters or Calm Before the Storm?

The market for $BTC is showing some indecision. We've seen a pullback from recent highs, and prices are currently testing key levels. Yesterday, buying by a major corporate entity continued, adding a significant amount to their treasury, which could be seen as a long-term bullish sign. However, overall market sentiment seems mixed, with some analysts pointing to potential further downside if current supports don't hold, while others see this as a consolidation phase before a potential new leg up. On-chain data suggests some long-term holders might be taking profits.

📊 Trading Outlook:

➡️ Potential long (no leverage): If we see a decisive reclaim and hold above the $106,000 area, a push towards $110,000 could be on the cards.

⬅️ Short setup (no leverage): A sustained break below $103,000 could open the door to test the $100,000 psychological level or lower.

🧐 The market is reacting to various factors, including institutional adoption signals and broader economic sentiment. Stay frosty and manage your risk!

⚠️ NFA/DYOR.

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