$BTC Price Snapshot & Market Context
Current Price: Around $105,169, trading between $100,055–$105,934 today .
Bitcoin is down ~5% since geopolitical tensions spiked mid-June; however, it's rebounded to mid-$105k after dipping toward $98k .
Near-term range remains $94k–$114k, reflecting macro and Fed policy uncertainty .
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🛠️ Technical Indicator Analysis
1. Chart Pattern – Descending Channel
BTC has formed a descending channel since April–May.
Support near $100k (lower channel line) .
Resistance near $107k (upper channel line) .
2. Volume Dynamics
On rebound attempts, volume remains subdued.
Breakouts or breakdowns should see volume surge for confirmation .
3. Moving Averages & Momentum
EMA/50-day crosses above 200-day (Golden Cross) – bullish long-term signal .
But several short-term MAs (10, 20, 50-day) suggest “sell” .
MACD shows a bearish crossover on daily timeframe, though flattening in 4‑hour — mixed signals .
4. Oscillators
RSI ~60 on some timeframes, trending down past neutral — indicating waning momentum .
On smaller timeframes, RSI hovering above neutral → possible relief bounce .
Oscillators like Stochastic show overbought conditions → caution for sharp moves .
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🎯 Key Price Levels to Monitor
Level Type Significance
$100k Support Lower channel + psychological level
$94k Strong Support Historical major support
$107k Resistance Upper channel + pivot zone
$112k–114k Major Resistance ATH area, profit-taking zone
