Overview of Bitcoin ✔️

Bitcoin is currently in a corrective phase after reaching its all-time high of $111,968 on May 22, and is now trading around $104,536. But don't worry - on-chain data suggests exciting possibilities ahead.

Monitoring liquidity A large set of liquidations at $109,933 may attract Bitcoin prices towards this level. Continued positive sentiment despite the pullback still shows positive funding rates (0.005), indicating that traders are still betting on upward movement.

Technical levels to watch

Support: $103,952 recently bounced from here.

Resistance first at $105,000, then $106,307.

Target liquidity area at $109,000.

Recent 4-hour charts show Bitcoin oscillating between $103.86 and $105,936, confirming this phase.