$BTC 🟠 Bitcoin (BTC) Fundamental and Technical analysis Market Update 🟠
🚀 Current Price:$104,400
📉 Weekly Performance: -6.5%
📊 Trend: Consolidation after recent correction from $111K highs
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📌 Key Support & Resistance Zones
✅ Major Support: $100K – $102K (strong buyer demand + 50-day SMA)
🟡 Next Support:$90K (psychological floor)
🚫 Immediate Resistance: $108K
🚀 Breakout Zone: $111K – $112K (previous all-time highs
📈 Technical Indicators
RSI: Neutral (around 46) → neither overbought nor oversold
MACD: Weak bearish crossover → possible sideways or slow bounce
Moving Averages: Price still above 100-day trendline, but under 20-day EMA — showing consolidation phase
Volume: Decreasing — bulls waiting for confirmation breakout
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🧠 Fundamental Insights
Institutional Demand Strong: MicroStrategy, ETFs, and sovereign entities continue accumulation
Bitcoin as Hedge?: Despite global unrest, BTC acting more like a tech stock than digital gold
Market Sentiment: Slightly neutral — eyes on U.S. monetary policy and ETF inflows
Long-Term Outlook: Bullish — $125K+ possible if $112K breaks with volume
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📍 My Strategy Suggestion
📌 If price holds above $100K, BTC is building a base for next move
📌 Entry zone: $100K–$102K (tight SL: \$98K)
📌 Exit zone: $108K, and $112K–$115K for profit-taking
⚠️ Close below $100K = caution— next leg may test $90K
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Summary:
BTC is currently in sideways consolidation after a strong bull run. Watch $100K support and $108K resistance closely. A break above $111K can ignite a fresh rally to $120K+. No panic — just alerts, plans, and patience!
This is not a financial advice so do your own research before making any trade. This post is only for educational purposes.