$BTC Bitcoin is currently priced around $107,622, down roughly 1.6% intraday, with a range between $110,277 and $107,491. The market is feeling cautious on several fronts:
• Technical pullback – After reaching all-time highs near $111,970 in late May, BTC has retraced by about 3–4%, suggesting consolidation after a strong rally .
• Bearish momentum – Analysts have noted BTC broke a rising wedge and key support, signaling a potential corrective phase similar to historical patterns .
• Global macro sentiment – Broader risk-off vibes—driven by concerns over inflation, Fed policy, and trade uncertainty—are weighing on crypto alongside equities.
Despite the near-term pullback, this dip may offer new entry points if major support zones hold (like $93,700). Still, with momentum indicators showing vulnerability, traders should stay alert.
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What’s next?
• If BTC holds above key Fibonacci levels and macro tailwinds return, we could see a bounce toward $110K–$115K.
• But if global risk sentiment worsens, expect deeper retracement toward the $100K region or lower.
