#BTCUSDT Technical Analysis

Price: Currently around $105,512.8 with a recent high of $105,878.3.

Trend: Still in a short-term uptrend, though recent candles show slight rejection near the top.

MACD: Showing convergence, with momentum slightly declining – could indicate potential weakening of the bullish move.

Support zone: Around $104,754 and $103,800.

Resistance: The recent high at $105,878.3, and psychological resistance around $106,000+.

🌍 Global Macro Overview (as of mid-2025)

Interest Rates & Inflation:

The U.S. Fed is likely holding or slowly reducing rates if inflation is cooling.

Rate cuts could be bullish for BTC, as it increases liquidity.

Geopolitical Tensions:

If ongoing (e.g. in Eastern Europe, Middle East, or Asia-Pacific), Bitcoin often acts as a hedge or risk-off asset.

Increased adoption in developing nations under economic pressure.

ETF & Institutional Adoption:

Bitcoin ETF inflows and adoption remain strong; this supports the long-term bullish thesis.

📈 Probable Short-Term Scenarios (Next 24–72h)

1. Bullish Continuation (60%)

Price holds above $105,000.

Break above $105,878 → quick test of $106,500–107,000.

Strong volume + positive macro = uptrend continuation.

2. Mild Pullback (30%)

Rejection at $105,878 leads to drop toward $104,754 or $103,800.

Could be a healthy correction before a breakout.

3. Bearish Reversal (10%)

Break below $103,800 with high volume → signals short-term top.

MACD crossover + global risk-off sentiment (e.g., sudden Fed hawkishness or major conflict escalation).