Bitcoin Update | Daily Frame

• Bitcoin reached strong resistance areas between $105,000 and $109,000, but failed to break through, and momentum began to show a clear weakness.

• The short-term uptrend has been broken, and it is now trading at $102,500. With the lack of buying momentum in these areas, we are beginning to see signs of a potential reversal.

• The most likely scenario currently is the start of a downward correction targeting the $79,000-$74,000 areas, which are considered a pivotal support area in the short to medium term.

• The declining trading volume despite the rise supports the weakness of the current upward trend and confirms the possibility of a correction

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