#MarketPullback Quick Summary
Prices moved between ~$108,000 and $106,000, and the decline was a corrective pressure related to a technical, economic, and geopolitical balance.
From a technical standpoint, significant support is seen at ~$106,000 and then a psychological level at $100,000.
Despite the current pullback, ongoing institutional flows into Bitcoin funds provide meaningful signals that the long-term uptrend remains intact.
---
What to watch for?
Can Bitcoin hold above the $106,000 support?
When will the Federal Reserve confirm its direction on interest rate cuts?
Will geopolitical tensions decrease?
If support is breached or any of these factors deteriorate, we may see further declines towards $100,000 or lower. However, if economic and geopolitical tensions recede, we could see a rebound towards higher levels at $110–112,000.