#BTC A Bitcoin Dance Between Correction and Recovery 🚀
Bitcoin is currently in a corrective phase after reaching its all-time high of $111,968 on May 22, now trading around $104,536. But don't worry - on-chain data suggests exciting possibilities ahead!
## Key Insights:
* **Liquidity Magnet**: A significant cluster of liquidations at $109,933 could pull BTC prices to this level
* **Optimistic Sentiment Persists**: Despite the drop, funding rates remain positive (0.005%), indicating that traders are still betting on upward movement
* **Technical Levels to Watch**:
- Support: $103,952 (recently bounced back from here)
- Resistance: First $105,000, then $106,307
- Target: Liquidity zone of $109,000
Recent 4-hour charts show BTC oscillating between $103,864 and $105,936, confirming this consolidation phase.
