BTC Market Update:
Stuck in the Middle – The $102K to $106K Zone!
Bitcoin is currently range-bound between $102,000 and $106,000. It's neither breaking out nor breaking down. But why is it stuck?
Here are 3 key reasons:
1. Low Volume - Fewer Buyers, Fewer Sellers:
Buyers are waiting for a confirmed breakout, and sellers aren’t panicking unless BTC drops below $100K.
2. Strong Resistance near $106K:
Every time BTC touches the $106K zone, heavy sell orders appear, pushing the price back down.
3. Institutions on Hold – FOMC & ETF Flows:
Big players are closely watching the FOMC decisions, interest rates, and ETF inflows. Until there’s a clear signal, they’re staying on the sidelines.
What is Next?
A clean break above $106K could trigger a new all-time high.
A breakdown below $102K may lead to a correction towards $98K or even $95K.
Trader Tip:
Watch RSI and volume carefully.
Avoid entering mid-range ، wait for either a breakout or a breakdown.
Stay alert for liquidity traps!
Remember: The market may test your patience, but timing your move right brings the real profits.
