📊 Today's Bitcoin technical analysis (BTC/USDT)
So far, the price of Bitcoin is about $103,501, with a daily high of $106,451 and a low of $102,609, currently showing a downward fluctuation.
🔍 Technical observation
The current structure is a symmetrical triangle convergence pattern (4-hour K-line)
Resistance area above: about $105,500～105,800
Support area below: about $103,400
Prices fluctuate back and forth within the triangle range, belonging to a contraction stage, indicating that a major trend is about to emerge.
If it breaks upwards above 105,800, it may open up upward space to challenge 107,000～108,000;
If it breaks below 103,400, then precautions should be taken for a retest of the 102,000～100,600 range.
🧠 Market sentiment and capital flow
According to analysis, the market shows signs of 'bear capitulation', indicating that most people are overly pessimistic, which is favorable for a market reversal.
Trader Crypto Rover stated: 'This is just typical volatility, no need to panic.'
🏦 Institutional and capital support
BlackRock bought about $1.2 billion in Bitcoin again this week, showing that institutional funds continue to enter the market.
This week, inflows into Bitcoin spot ETFs reached as high as $1.02 billion, with IBIT (BlackRock) leading the way.
From a macro perspective, the U.S. may soon lower interest rates, which typically has a positive impact on risk assets (such as Bitcoin).
📌 Today's operational suggestions and observation points
Strategy direction Key price range Suggestions
Bullish observation Break above 105,500～105,800 If there is a volume breakout, small positions can be chased long, target 107,000～108,000
Bearish observation Break below 103,400～102,000 There is a chance to accelerate downward, retesting 100,600, stop-loss must be set properly
Consolidation waiting 103,400～105,500 range fluctuation Suggest light positions and observation, waiting for clear direction
✅ Conclusion:
Bitcoin is currently in a typical consolidation phase, with potential both up and down, but the key is when to choose a direction. Overall, the capital flow and institutional attitude are bullish, but technical confirmation of a breakout is still needed.
Traders should control their positions and risks well, especially at the end stage of the triangle convergence, to avoid getting caught in a reversal when chasing orders.
