$BTC

📊 Chart Analysis

🔍 Trend

• BTC was in a clear uptrend from mid-April to May (marked by the yellow upward channel).

• Recently, the price broke down from this rising channel — signaling a potential trend reversal or short-term correction.

📈 Support & Resistance Levels

📌 Support Levels

1. $103,130 – Previous local low and price cluster.

2. $100,000 (psychological level) – Strong psychological support.

3. $96,000–97,000 – Previous consolidation zone (mid-April).

4. $92,000 – Previous resistance, now acting as a support.

📌 Resistance Levels

1. $108,687 – Local resistance from earlier in May.

2. $109,009 – Another peak level, acting as a resistance.

3. $110,499 – Recent high.

4. $111,111 – Likely the recent top or psychological resistance.

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🔮 Potential Future Movement (Scenarios)

🟥 Bearish Scenario

• Breakdown from rising wedge + bearish indicators could push BTC down toward:

• $103,000

• If broken, then possibly $97,000–$100,000 zone.

• RSI also trending down → supports short-term correction view.

🟩 Bullish Scenario

• If BTC holds the $103K support, and RSI bounces off 50:

• Price may retest $108K–$110K.

• Breaking and holding above $111K would resume the uptrend.

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🧠 Conclusion

• Short-term trend: Mildly Bearish / Corrective

• Mid-term trend: Still bullish, unless $100K breaks down decisively

• Watch zone: $103K–$100K. Strong buying interest expected there.