$BTC
Market Overview & Price Action
Price dipped ~3.9% intraday, falling from around $106,500 to as low as $102,400 before recovering to ~ $103,400–$104,000 .
Bitcoin remains range-bound between $100K–$110K, with sideways movement in a tight channel from about $103.4K support to $105.6K–$105.8K resistance .
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📉 Market Sentiment
Retail sentiment is deeply bearish, nearing levels from April’s “liberation day” tariff drop. Extreme pessimism sometimes presages a rebound .
The Crypto Fear & Greed Index is neutral (~43), suggesting neither extreme fear nor greed .
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📊 Technical Indicators
Weekly RSI (~58) pointing upward—bullish momentum is building .
Bollinger Band compression and a positive MACD histogram in spread hint at increasing volatility, often preceding breakouts .
At shorter time frames, RSI ~44, MACD flat, and Bollinger bands narrow—a volatility squeeze ahead of a potential move .
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🧭 Market Triggers & Catalysts
Macro conditions: Ongoing geopolitical tension and interest-rate uncertainty are weighing on risk sentiment .
Options market: A major “triple witching” day in legacy markets is increasing potential for volatility spillover into crypto .
Institutional flows: Continued accumulation by whales and inflows into Bitcoin ETFs underpin medium-term bullish dynamics .
