📊 Technical Picture
Consolidation: BTC is stuck in a $104K–$106K consolidation zone. On the upside, a breakout over $106K could renew bullish momentum; downside risk lies toward the $101K–$103K support zone.
On‑chain Indicators: The AVIV ratio remains below prior cycle peaks—hinting that a further rally toward $330K isn’t off the table.
Sentiment: Retail fear is elevated (bull-bear ratio ~1.03)—often a contrary bullish signal.
Chart Patterns: Indicators such as the golden cross (50‑day MA above 200‑day MA) and cup‑and‑handle formation support a mid-term bullish outlook with possible breakout toward $114K.
