#BTC Market Snapshot & Technical Overview
Bitcoin is currently trading near $105,500, showing a slight dip of ~1.47% on the day. Its intraday range has been between $103,100 and $108,400. After pushing close to its all-time high (~$112K on May 22), BTC has pulled back, now sitting just below key support zones around $106K–$105K.
⚙️ Technical View
Indicators are flashing caution. The price is drifting away from its 50-day moving average, and the MACD is weakening, hinting at a possible correction of up to 10%. If selling pressure continues, next support levels to watch are $100K to $102.5K.
🚀 Institutional Momentum & Macro Signals
Despite the dip, institutional interest remains strong. Over 1.13 million BTC are now held in spot ETFs, with total ETF holdings crossing $132 billion — a bullish sign.
On the macro side:
Cooling inflation and a more dovish Fed stance are creating a favorable environment for crypto.
Regulatory clarity in the U.S. — including recent pro-crypto policy signals and discussions of a Strategic Bitcoin Reserve — are boosting institutional confidence.
Major players like Circle, Galaxy Digital, and Gemini are preparing for IPO launches, reflecting how far the industry has matured.
✅ Overall, BTC remains in a strong macro position, but short-term caution is advised due to technical signs of a possible pullback.
