#BTC $BTC
Bitcoin is showing mixed signals today, reflecting ongoing market uncertainty. After a slight pullback overnight, BTC is trading just below key resistance levels, hovering in a tight range. The dip is relatively minor, suggesting traders are still cautious but not overly bearish. Short-term price action is being influenced by macroeconomic factors, including inflation concerns and investor expectations around future interest rate decisions.
Despite today's slight drop, Bitcoin is holding above major support levels, showing resilience compared to altcoins, many of which are seeing sharper declines. Trading volume is moderate, indicating a wait-and-see approach from both retail and institutional investors.
Technically, BTC needs to break above resistance near recent highs to confirm a bullish reversal. On the downside, if support around the $66,000 level fails, we could see further corrections. For now, Bitcoin remains range-bound, with market participants watching closely for the next catalyst to spark a breakout.
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