📉 Bitcoin Daily 📈

✅ Minimum target for this week — the Daily 20-SMA and Daily FVG around 106500 — has been reached.

$BTC is now trying to find acceptance above the May close at 104544. That level also aligns with the developing quarterly VWAP VAH, adding to its importance.

Frankly, I’m still not confident about any clear direction. BTC remains in an uptrend on the Weekly and Monthly timeframes, but I’d personally prefer to see a dip to the 98–100K range before continuation to the upside — mainly because the previous dump lacked convincing volume.

That said, BTC can still bounce toward the 107800–108200 area — which sits just under the 2024 high and overlaps with a 1H FVG. Such a move would strengthen the bullish case, but to fully invalidate the correction scenario, BTC needs to close a Daily candle above ~109400.

If the last three days were just a dead cat bounce, then the next leg down will likely take us below 102800 — and continue until enough liquidity is found for a proper bounce.

🎯 Key Levels to Watch:

• Above: 105583 / 106537 / 108000 / 108955

• Below: 104545 / 103975 / 102380 / 101425

🔥 #Bitcoin Liquidation Heatmap:

• Above: 106645 / 108095 / 109830 / 110852

• Below: 103500 / 102888 / 101165 / 100011