♦️#BTC Market Update: Key Developments Today🔥

🔸Recent Price Action

Based on the most recent K-line data, Bitcoin is currently trading at $104,540.93 as of the latest update. Here's what's happening with $BTC today:

🔴#BTC has seen a moderate upward movement over the last 8 hours, rising from $103,497.71 to the current price

🔴The day's trading range has been between $103,285.65 and $104,842.43

#tradingvolume remains healthy with over $9.7 million in the 20:00 timeframe alone

🤔Technical Analysis Context According to available information:

🔸$BTC is currently testing key support levels

🔸Despite recent price pullbacks, the daily TBO (Technical Breakout) indicators remain intact

🔸Short-term bearish consolidation may occur, possibly with price action dipping into the daily TBO Cloud

🔸However, the broader breakout narrative remains valid without a "Close Long" signal

#MarketStructureShift Insights Several interesting developments are occurring in the broader crypto market structure:

👉 #BTCDOMINACE has dipped into its own technical "Cloud" level

👉While the TBO Slow line continues trending upward, the RSI hasn't broken above 70, suggesting limited immediate bullish momentum

👉Top 10 Dominance shows potential breakdown signals on daily charts, indicating short-term weakness in large-cap altcoins

👉$ETH /BTC ratio (ETH.D) closed above its daily TBO Cloud—a rare and potentially powerful bullish signal for #Ethereum relative to Bitcoin

🔆Bottom Line

While BTC is experiencing some consolidation and testing support levels, the overall technical structure remains bullish according to the TBO breakout indicators. The current pullback appears to be part of a normal market cycle rather than a trend reversal.