Bitcoin currently trades around $103,500, down ~1.5%, following a drop to $102,225 that triggered over $464M in liquidations, mostly affecting long positions . Price is consolidating inside a symmetrical triangle between $103.4K–$105.6K, below the 20/50/100 EMA cluster, with the 200 EMA at $106.7K acting as resistance . On-chain data shows a 10% rise in 1 BTC wallet addresses, hinting at steady accumulation . Technically, RSI is neutral (~45), volatility is low, and options expiry may spark a breakout . A daily close above $105.6K could ignite a rally; failure may drop BTC to $102K–$100.6K.

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🔍 Takeaway

Bitcoin is in a technical squeeze awaiting catalysts—from options expiries to macro data. The next move hinges on whether it breaks above $105.6K or falls below $103.4K.

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