$BTC Update — June 7

■ Current Status:

The price is currently moving within a descending sub-channel, while still respecting the support zone at 103,531 – 101,324 in a healthy corrective move, as previously mentioned. At the moment, Bitcoin is attempting to move towards 106,000 – 108,000 to retest this level. A breakout and holding above it would enhance the chances of a further rally towards 120,000, and potentially 157,000, God willing.

■ Initial Targets:

(Compared to the current price of approx. 104,569)

Target 1: 106,000 – 108,000 → (+1.4% — +3.3%)

Mid-term Target: 120,000 → (+14.8%)

Long-term Target: 157,000 → (+50.1%)

■ Current Support:

103,531 – 101,324 → (-1.0% — -3.1%)

■ Next Support (if current support is broken):

96,498 – 94,231 → (-7.7% — -9.9%)