$BTC 🧭 Current Direction & Short-Term Outlook

Price Action: BTC is trading around $102,200, down ~1.4% intraday. It remains elevated from recent highs above $107K but has pulled back into consolidation territory.

Technical Setup: Analysts highlight a bearish divergence on RSI and a MACD crossover—signals of weakening upward momentum. Key resistance lies at $105K–106K, while supports are at $103K, then $97K–94K if broader selling unfolds .

Chart Patterns: BTC is currently "coiling" or compressing, often a precursor to a breakout. Compressed price action within $103K–105K suggests a bigger move may be coming soon .