👩🏻‍💼 Bitcoin Regains $106K: Is This a Relief Rally or a Bull Trap?

📈 Price Movement & Volatility

• Current trading range: ~$104,600 to ~$107,200 intraday. Closed near $107,049, up ~1.9% on the session .

• Geo‑politics-driven swings: The Israel–Iran tensions pushed BTC below $103K, but the market rebounded, stabilizing above $106K .

• Key support/resistance: Watch the $100K support—analysts warn a sharp drop could break new lows—and resistance between $106,750–$107,500 .

📈 Market Drivers & Sentiment

• Safe‑haven narrative under test: Initially hit by conflict-related volatility, but BTC held up better than expected as equities recovered .

• Institutional and corporate adoption: Public companies now part of “bitcoin treasury strategies” (e.g. MicroStrategy, Trump Media), fueling demand .

• Macro alignment: Global stock futures bouncing boosted BTC sentiment—stock indices often lead crypto direction

📈 Technical & On‑Chain Signals

• Stabilizing near key support: Bitcoin is consolidating around $105–106K after correction, showing signs of technical hold .

• Caution on chart patterns: Some traders (e.g. Peter Brandt) warn current patterns echo pre-2021 crash formations—highlighting need for close trailing stop management

📈 Broader Crypto Context

• Altcoin strength: Ethereum (+4%), Solana (+7–8%), XRP (+1.9%) rally alongside BTC, suggesting broad risk-on sentiment .

• Total market cap: Holds around $3.31 trillion, up ~0.9% as investor confidence returns

Note-The information provided in this post is for educational and informational purposes only and does not constitute financial or investment advice. Always do your own research (DYOR) before making any trading decisions. Cryptocurrency markets are highly volatile and carry risk. I am not a financial advisor, and any opinions expressed here are my own#BTC #USDT #CryptoNewss

Do you think $100K will hold this week, or are we heading lower?