$BTC

📉 Bitcoin retreats to $104K: Healthy correction or start of a decline?

After touching $111,000 on May 21, $BTC has retreated to $104,000 at the time of this publication. Many are reading it as a bearish signal… but what if it’s just a pause within the same bullish cycle?

🔍 Some key data:

The retreat is 6.3%, something common after breaking a historical high.

The institutional profit-taking after "Pizza Day" was predictable.

There are no negative macro news pushing this decline… yet.

What I'm seeing:

Strong support near $102,000–$103,500.

Decreasing volume in the drop, which suggests weakness in the bearish movement.

The whales are not selling. They are just waiting.