$BTC

Dear Binance Friends . Here’s an update on Bitcoin (BTC)

🔍 Market Snapshot

Current Price: ≈ $104,800 (–2.2% today)

24h Range: $103,597 – $107,645

Trading Volume (24‑h): ~$39–54 billion (elevated due to volatility)

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📊 Technical & Price Zones

Support Levels:

**$105,000–$105,500** (mid‑fib + lower bounds). Confirmation below this area could target $100k–$103k .

**$93k–$94k**: strong dynamic support (200‑day MA + macro trendline) .

Resistance Levels:

Immediate: $108,900–$110,600 (confluence zone: swing high, fib, flag breakout) .

Key next: $112,000+, then $137k if momentum sustains .

Chart Patterns:

BTC broke a bull flag/inside-bar around $104k–$108k—bullish bias if volume confirms .

On shorter timeframes, RSI neutral (~42–53), MACD bearish on daily/4h—requires cautious positioning .

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🧠 On‑Chain & Macro Context

Miners accumulating and profit-taking waning; NUPL in “belief” stage (bullish) .

Active addresses & on‑chain volume rising (~7–8%)—sign of organic engagement .

Institutional inflows: Bitcoin ETFs soared from ~$91 b to $132 b. Big corporate buys (e.g., BlackRock +2,454 BTC) support price .

Macro drivers:

Easing inflation and Fed cut expectations fueled rally .

Geopolitical risk (Iran/Israel tensions) provided mild safe-haven support—any escalation could shake markets .

🎯 Trade Strategy

Zone Setup Notes

**$105k – $105.5k** Buy dip Tight stops below $104.5k, look for bounce

Breakout > $110k Breakout entry Volume confirmation key; targets to $112k–$120k

Stop-loss Below $104k Invalidates bullish structure if breached

Targets $112k → $120k → $137k+ Layer take-profits or trail stops

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⚠️ Risks & Catalysts

Failing $105k: Could trigger drop toward $100k or even $92–93k .

RSI & MACD mixed: Short-term momentum not fully bullish—watch volume on move above $108k.

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