1. Price Movement
Current Price: ~$103,555

Recent High: ~$105,819 (marked on chart)

Recent Low: ~$83,949 (from around April 20)

Trend: Overall uptrend from April 20 to May 17, followed by consolidation in a tight range.

2. Moving Averages
MA(7) - Yellow line: $103,729 (Short-term)

MA(25) - Pink line: $103,510 (Mid-term)

MA(99) - Purple line: $99,929 (Long-term)

Interpretation:
The price is above the MA(99), indicating a strong long-term uptrend.

MA(7) is currently crossing below MA(25), which may be an early bearish signal in the short term.

Price is consolidating just around the short and mid-term MAs — a sign of indecision in the market.

📈 Trend Analysis
Phase 1: Rally
Strong bullish breakout from ~$84,000 to $105,000.

This rally is supported by rising volume and positive price action.

Phase 2: Consolidation
After reaching $105,819, the price entered a range-bound phase (between ~$102,000 and $105,000).

This is typically a distribution or re-accumulation zone.

🧭 Buy, Hold, or Sell Recommendation
ActionRecommendationJustificationBuy✅ Only on pullbackIf BTC drops to the 99-day MA ($99,929–$100,000) and shows reversal candles or support, it's a good entry point.Hold✅ YesIf you're already holding from below $95K–$100K, continue to hold as the long-term trend is bullish.Sell⚠️ Partial profits onlyIf you bought near $84K–90K, consider taking partial profits at resistance (~$105K) but don't exit entirely unless trend weakens below MA(99).
🧠 Suggested Strategy: Swing Trading with Trend Confirmation
Entry:
Wait for pullbacks to strong support zones:

_$100,000 (psychological and MA(99) support)

Confirm with bullish reversal candles (e.g., hammer, engulfing)

Stop Loss: Place below $98,000 for swing trades, to avoid being shaken out by volatility.

Target Levels:
First Target: $105,800 (recent high) Second Target: $110,000 (psychological + fib extension zone)

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