$BTC Bitcoin is currently trading around $105,800 on Binance, holding steady after testing an intraday low near $104,400. The broader crypto market remains rangebound as traders digest last week’s cooler-than-expected CPI data, which eased some inflation fears but didn’t provide enough momentum for a breakout.

Technically, $BTC is consolidating between $104K–$107K, with $104K acting as key support and $107K as immediate resistance; a clean move above that could open the path toward $110K–$112K, where significant sell pressure sits.

On the downside, losing $104K could drag prices to $102K, near the 200-day EMA.

Fundamentally, spot ETF inflows continue to show strong institutional interest, but retail activity is muted, with sentiment cautiously optimistic. The RSI remains neutral, and MACD is flattening, suggesting that the next move likely hinges on macroeconomic signals or volume confirmation. For now, BTC is holding ground, but a break of this tight range will define the market’s next direction—watch $107K closely for bullish confirmation.

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