$BTC
📈 Market Overview
Bitcoin recently rebounded above $106K, climbing ~1–2% after touches near $103K amid geopolitical tensions like the Israel–Iran conflict . The dip was short‑lived, with prices holding strong between $104K–$107K as broader risk sentiment eased .
Institutional demand remains robust—ETFs broke $132B in assets, and some corporates are even adding Bitcoin to their treasuries . Technical indicators paint a cautious picture: short‑term momentum shows consolidation, with the $105‑$106K band acting as key resistance, while supports lie near $103K and $100K . MACD and RSI suggest cooling off after an overbought run toward $112K in May .
🔎 Short-Term Outlook
Bullish case: Breaking above $107K‑$108K could propel BTC toward retesting May highs (~$112K) .
Bearish risks: A reversal below $103K may trigger a deeper pullback toward $100K or even the mid‑$90Ks .
🧠 Final Take
Bitcoin is in a consolidation phase between $103K–$108K, driven by geopolitical jitters and macro crosswinds. The dominant trend remains bullish thanks to strong institutional inflows and ETF growth. But watch for a volatile breakout or breakdown—drilling above $108K or slipping under $103K will likely indicate the next direction.
Let me know if you'd like a deeper dive into on-chain metrics, sentiment flows, or altcoin impact.
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