#Bitcoin $BTC is trading in a narrow range today, holding above the key $105,000 support level amid anticipation surrounding upcoming U.S. macroeconomic data. The price has fluctuated between $105,100 and $106,300, signaling market indecision. Traders are watching the $100,000-$103,000 zone closely, as it represents a major support level; a sustained break below it could trigger deeper corrections toward $97,000. On the upside, resistance is seen around $108,000-$110,000. Technical indicators such as the RSI remain neutral, while BTC continues to trade above both the 50-day and 200-day moving averages, hinting at a medium-term bullish bias. Investors are cautious ahead of key inflation data (CPI and PPI) and the upcoming FOMC meeting, which may influence market direction. A bullish breakout requires volume confirmation above $110,000. For now, Bitcoin remains range-bound, with short-term sentiment driven more by macro developments than technical breakouts.
