Current Price: ~$101,700
Trend: Neutral to mildly bullish
Short-Term Range: $100,000 – $106,000
Major Resistance: $106,000
Major Support: $100,000 and $98,000
Key Technical Insights:
✅ Structure: $BTC is forming higher lows, indicating a slow accumulation phase.
🔼 Bullish Trigger: A breakout above $106K with volume could lead to a move toward $110K–$112K.
🔽 Bearish Risk: A breakdown below $100K might open the path to $98K or lower.
📉 Indicators:
RSI ~55: Neutral to slightly bullish
MACD: Bearish crossover, showing selling pressure
SMA: Short-term SMA trending below long-term = early bearish sign
✅ Conclusion:
$BTC is consolidating between key levels with no strong breakout yet. Traders should watch the $106K resistance closely — a breakout confirms bullish continuation. Until then, range trading between $100K–$106K is most likely.
