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Key Levels to Watch: Support at $103k; Resistance at $106.5k.
move above $106,500 could signal a bullish breakout,If the price remains above the $103,000–$104,200 support zone, it may indicate strength and potential for upward movement.
drop below the $103,000 support could lead to further declines,
Macro (Daily/Weekly): BTC remains in a macro uptrend. Price made a new all-time high last week and is now consolidating just below the highs. Higher highs (HH) and higher lows (HL) are intact.
Short-Term (4H/1H TF): short-term is neutral-to-bullish. Price is ranging# between $107,400 (support) and $110,800 (resistance). We need a breakout with conviction to continue upward.
Immediate Resistance: The recent all-time high (ATH) stands at $109,700, achieved on May 21, 2025. A decisive move above this level could open the path toward the psychological milestone of $120,000.
Immediate Support: The $105k level has emerged as a crucial support zone, having been tested multiple times in recent sessions.
#BTCBreaksATH Bitcoin's market dominance peaked at 64.4% on May 8, 2025, indicating a strong preference for BTC over altcoins during this period. However, recent analyses suggest that BTC dominance is encountering resistance, which could herald a shift in investor focus toward altcoins. If $BTC dominance declines, it may pave the way for an "altseason," where alternative cryptocurrencies outperform #Bitcoin . #BinanceHODLerHAEDAL #BinanceAlphaAlert #BTC110KToday?
Structure: Cooling off after strong impulse move, still holding above key support. Dominance (BTC-D): 60.10%, showing early signs of weakening = altcoin strength possible.
Support Zone: $102,500 – $101,800 Last defended on pullback — if it holds, bulls may reload positions.
Major Support : $98,800 – $96,500 Confluence of volume node, previous breakout level,
Short-Term Resistance: $104,800 – $105,200 Price is currently stalling here — could fake out or break with high volume.
Major Resistance Zone: $105,500 – $107,000 Previous supply zone where BTC got rejected — bulls must reclaim with strong volume to continue momentum.
BTC-D Trend: Slipping slowly — signs of altcoin strength building.
If $102.5K holds → BTC can retest highs.
If price breaks below $101.8K → Drop to $98.6K highly likely.
Trend: Bullish continuation above the $100K psychological level
This stability indicates strong market confidence and a potential continuation of the bullish trend.
BTC.D has decreased from over 65% earlier in May to 62%, indicating a shift in market dynamics.
The decline in Bitcoin Dominance suggests that capital is flowing more into altcoins compared to Bitcoin. This shift often precedes a period where altcoins may outperform Bitcoin.
🔍 Market Implications
For Bitcoin: The maintenance above $100K is a strong bullish signal. If BTC continues to hold this level, it could attract more institutional and retail investors, further driving the price upward.
For Altcoins: The decrease in BTC.D indicates that altcoins might gain momentum in the short term. Traders should monitor for signs of capital rotation into altcoins.
Support Levels: $99,700 Crucial breakout level, must hold for continuation.
Resistance Levels:
BTC is maintaining bullish structure with consistent higher highs and higher lows. A close above $103.5K will likely trigger further upside towards $105K and possibly $109K.
#Bitcoin is trading within a range, with support around $91,800 and resistance near $95,500. A breakout above resistance or a breakdown below support could signal the next significant move.