#SwingTradingStrategy Today, Bitcoin is trading around USD 106,023, with intraday movements between USD 104,005 and USD 106,451.
📈 Analysis and forecast for today
In the last 24 hours, it has risen approximately 1.3%, ranging between USD 104,000 and USD 106,000.
A report from FXStreet notes that BTC remains above key support levels and that if it falls below USD 102,065, it could bounce back up towards the resistance zone of USD 125,035.
CoinEdition points out a slight neutral-bearish inclination in the short term, with a "compressed volatility" structure suggesting that to break above USD 105,500, they need confirmation with volume.
Key factors that could move the price today:
1. Dollar Index (USD): A weakness in the dollar, possibly due to new tariff measures, could drive BTC higher.
2. Geopolitical tension: A surge or easing in the Middle East directly influences the appetite for risk assets like Bitcoin.
3. Federal Reserve decisions: The recent signal of an "aggressive pause"—without further hikes—provides some support; a revision of the message could generate volatility.
Probable scenarios:
Optimistic scenario: If BTC exceeds USD 105,500–106,500 with volume, it could attempt to reach USD 108,000–110,000.
Downside risk: Breaks below USD 104,000 and especially USD 102,000 would open the way towards USD 100,600 or even USD 98,000.
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✅ Conclusion for today:
The environment is one of sideways range with a paused upward trend around USD 105,000.
The key levels to watch are USD 105,500–106,500 upwards, and USD 103,400–104,000 downwards.
A clear break with volume will define whether the rally continues to higher levels or triggers a correction.
