BTC is still stuck chopping around. Price bounced off the lower Bollinger Band but the structure stays weak. Moving averages are tangled, no clear direction. MACD is trying to turn positive but momentum is flat. RSI sits around 55, neutral zone. Stoch RSI looks overheated so upside is probably limited unless stronger confirmation shows up.
Money flow shows steady outflows, about 105 BTC down over the past day. Big players still lean bearish but the last 24 hours brought a 101 BTC inflow on the large order side. Small sign of buyers testing the waters but no serious shift yet.
Margin data tells the same story. Margin debt is shrinking, people are cutting exposure. Long-short ratio stays low around 37-38, showing reduced long appetite. No aggressive isolated margin build-up either.
For now price is stuck. Break above 107,800 to 108,200 could trigger a short squeeze. Lose 106,750 and structure likely breaks down again.
