**1. Current Market Situation**
- **Current Price:** $107,315.46 (+0.05% in 24h). - **Volume in 24h:** 107,709.22 BTC ($550.90M in USDT), indicating moderate activity.
- **Price Range (24h):** Minimum of $106,446.45, maximum close to the current price.
- **Money Flow:** Net negative entries (-467.5534 BTC), with sell orders exceeding buy orders, especially in large orders (-504.4692 BTC).
**2. Key Indicators**
- **Moving Average (MA60):** $107,349.73 (slightly above the current price), suggesting nearby resistance.
- **Volatility:** Low (only +0.05% in 24h), but with negative money flows in the short term.
- **Temporal Analysis:** In short time frames (15m-4h), the money flow shows a predominance of sales (35.18% vs. 11.84% purchases).
**3. General Context**
- **Market Capitalization:** $2.14T, with a dominance of 63.78%.
- **Recent All-Time High:** $111,970.16 (05/22/2025), indicating that the price is in a consolidation phase after a previous rally.
- **Supply:** 19.88M BTC in circulation (close to the maximum of 21M), which limits inflationary pressure.
**Trend Determination: Neutral with Short-Term Bearish Bias**
- **Reasons:**
- Negative money flows and higher sales volume in large orders.
- Resistance at MA60 ($107,349.73) and lack of clear bullish momentum.
- Large negative entries in the last 5 days (-6,541.4298 BTC).
**Trading Recommendations**
1. **For Short-Term Traders (Intraday):**
- **Sales on Bounces:** Consider short positions if the price rejects the MA60 ($107,349.73) targeting $106,446.45 (minimum of the day).
- **Stop-Loss:** Above $107,500.00 to limit risks.
2. **For Medium/Long-Term Investors:**
- **Accumulation at Support:** Wait for an approach to the support of $106,000-$105,500 for purchases with a bullish outlook towards $110,000.
- **Monitor:** Large money flow; a shift to positive could indicate a reversal.
3. **Risk Management:**
- Avoid high leverage given the moderate volatility.
- Use limit orders to take advantage of sideways movements.
**Projections**
- **Bearish Scenario (Short Term):** If the price breaks $106,446.45, it could fall to $105,000 (psychological support).
- **Bullish Scenario:** Exceeding $107,500 with high volume could drive a retest to $109,000.
- **Key Factors to Observe:**
- Institutional order flow (large).
- Global macroeconomic data and regulatory news.
**Conclusion**
The market shows weakness in the short term but maintains a bullish structure in larger time frames. Caution is recommended, and trading should be done with clear supports/resistances. The optimal strategy is to wait for confirmation of a breakout or bounce at the mentioned critical levels.
**Note:** This analysis is based on available data and does not constitute financial advice.