$BTC

🧠 BTC Analysis Overview:

• Time Frame: 1D (Daily).

• Exchange: Bitget.

• Chart: BTCUSDT Perpetual Mix Contract.

⸻

📌 Technical Analysis:

1. Bear Trap - Fake Downtrend:

• BTC has experienced a sharp drop of about 11% (~11,569 USDT) from its peak.

• This is marked as a Bear Trap, meaning a “fake downtrend” to trigger stop losses for Long positions.

2. $100,800 liquidity has been taken:

• This area is where a large volume of stop losses was located, which has been cleared → confirming the Bear Trap.

3. Important Key Levels:

• $102,400: This key level has been breached; BTC needs to reclaim this level to continue rising.

• $106,100: Further ahead, this is the key level that needs to be overcome to break the ATH (All Time High).

4. Factors Supporting Price Increase:

• A Golden Cross appeared on May 22, 2025 (MA50 crossing above MA200) → a medium-term bullish signal.

• Accumulation zone at the beginning of May → foundation for the recent strong uptrend.

5. Analyst’s Personal Opinion (Perspective):

• This Bear Trap should end here.

• BTC should bounce back with a bullish wave today.

• Today's candle needs to close green to confirm the bullish plan.

📣 Brief Conclusion:

• BTC has gone through a fake downtrend, clearing liquidity.

• Today, it needs to close a green candle to confirm a reversal.

• Key level to reclaim: $102,400.

• Further target: $106,100 → new ATH.

• If it fails to reclaim → the market may return to a downtrend.