$BTC

📉 Current Market Overview

Price: $105,082

24h High/Low: $108,450 / $102,664

Recent Movement: A pullback of –0.56%, indicating short-term selling pressure after a local peak near $110,000.

🧠 Chart Analysis

1. Trend Structure

The chart shows a strong uptrend from mid-April to early June with higher highs and higher lows.

However, the current daily candle is bearish, suggesting a possible correction or pause in bullish momentum.

2. Support & Resistance

Immediate support: Around $102,500–$103,000 (where previous breakout occurred).

Major support zone: $97,000–$98,500 (accumulation area from early May).

Resistance: $108,000–$110,000 (rejected twice, forming a potential double top).

3. Volume Observation

27,417 BTC traded in 24h—a healthy volume but slightly lower than the prior spike, indicating buying momentum may be slowing.

🔮 Short-Term Prediction (Next Few Days)

If the price holds above $102,500, expect consolidation and a possible rebound toward $108,000–$110,000.

If it breaks below $102,500 with strong volume, expect a correction toward $98,000–$99,000.

The market could be forming a local top, especially if it fails to break above $110K in the next attempt.

✅ Trading Bias

Neutral to Bearish in the short term: A small pullback seems more likely before the next leg up.

Watch for a bounce or reversal signal near $102,500 or strong buying near $98,000 for long opportunities.