📉 Bitcoin Daily 📈

May closed at 104544, and this level is likely to act as a strong support/resistance in the months ahead.

The May VWAP sits at 103975, aligning with the close of the last working day. Consider it a potential magnet for price if the market opens far from it next week (after a Sunday pump or dump).

The weekly chart has printed a bearish engulfing candle, increasing the likelihood of a deeper correction.

Nearest bullish zones for $BTC are marked in the key levels. Just keep in mind — a bounce back into the channel and toward the Daily 20-SMA (~104331) would be a bearish retest. On its own, that doesn’t offer much clue for direction. BTC could even pump to the ~108K gap and still remain mid-term bearish on the daily and weekly timeframes.

🎯 Key Levels to Watch:

‱ Above: 104544 / 106300 / 108000 / 108955

‱ Below: 103975 / 102380 / 101425 / 100678

đŸ”„ #Bitcoin Liquidation Heatmap:

‱ Above: 104930 / 105540 / 106563 / 106972

‱ Below: 103500 / 102877 / 101866 / 100233