🔍 BTC Price Snapshot

• Current price: ~$104,697

• 24‑hr range: $103,081 – $108,376

• Daily change: –2.46% (~–$2.6K)

🛡️ Key Support Levels

• $104K–105K zone: Mid-range support since mid-May and reinforced by the 100/200‑day SMA

• $100K psychological floor: Critical long-term foundation

• $102K–103K cradle support: Near-term base during current pullback

🧱 Key Resistance Levels

• $109K–112K zone: Recent highs and flag pattern breakout area

• $110K: Pivot point and upper Bollinger barrier

📊 Technical Indicators

• RSI & MACD: Showing neutral to slightly bearish conditions; MACD indicates weakening upward momentum

• Chart structure: Pullback from a flag breakout—potential retest of $106K or deeper

🌐 Catalysts & Sentiment

• Geopolitical risk-off tone: Middle East tensions triggered a sell-off and liquidation cascade

• Macro backdrop: Mixed inflation data makes Fed policy direction uncertain—impacting all risk assets

🎯 Forecast & Trade Outlook

- Short-term:

• Watch $104K–$105K support—if it breaks, retest of $100K may follow.

• A rebound back above $108K–$109K could reignite bullish momentum.

- Mid-term:

• Holding above $100K keeps the bullish trend intact; next upside targets are $110K–112K, then the all-time high near $112K.

- Volatility: Expect heightened swings. Use tight stop-losses near support/resistance pivots.

💬 Discussion Starters

• Will $BTC defend $100K, or is a deeper pullback on the table?

• Are geopolitical tensions the main driver, or should we look elsewhere?

#bitcoin #BTC #CryptoAnalysis #supportandresistance #MarketOutlook

Drop your thoughts below! 👇👇