📉 Bitcoin Daily 📈

$BTC has entered a correction, approaching the lower boundary of the rising wedge pattern ($105,700–$106,500). At this stage, it appears to be a bullish retest, prioritizing long positions.

The zone above the May 27th swing high at $110,700 remains a highly liquid pool, making it the nearest target for whales in a bullish scenario. However, I believe if BTC reaches this level, it may push higher.

What if BTC drops further? The bullish breaker on the daily timeframe lies within the $103,950–$105,900 zone. Such a move would break the rising wedge pattern, returning BTC to horizontal levels and a ranging market (which has always been present, though I found the wedge pattern more compelling). This would not eliminate the potential for a new all-time high but would likely delay it.

🎯 Key Levels to Watch:

• Above: 108367 / 110000 / 111124 / 111960

• Below: 106775 / 105677 / 104544 / 103032

🔥 #Bitcoin Liquidation Heatmap:

• Above: 108727 / 109066 / 109745 / 110760

• Below: 106640 / 105600 / 104590 / 103700