#BTC#

As of May 16, 2025, the price of Bitcoin (BTC) is showing a short-term correction trend, currently fluctuating around $103,000, with a 24-hour decline of about 1.05%, hitting a low of $101,480. The following is the key analysis:
Short-term selling pressure has intensified after Bitcoin failed to break through the key resistance level of $105,000, leading some traders to take profits. The technical indicators show that the RSI (31.4) on the 30-minute chart has entered the oversold zone, and the MACD is showing bearish signals. After the price broke below the support level of $102,800, it triggered further downward movement. Currently, the 4-hour chart support is around $100,800; if it fails to hold, a pullback to the range of $96,500 to $98,000 may occur.
Market sentiment and long-term trend analysts believe that this pullback is a normal adjustment, and the medium to long-term upward trend remains unchanged. Institutional funds continue to flow in, inflation is cooling, and favorable policies (such as some states in the U.S. allowing public funds to invest in BTC) support the long-term bullish logic. Some predictions remain optimistic, expecting a potential challenge of $135,000 in the next 100 days.
Key indicators and risks should focus on the breakout situation in the $103,000-$104,000 area. If a rebound stabilizes or retests the $105,700 high, caution is needed in the short term regarding the liquidation of high-leverage contracts and the volatility caused by short selling. Currently, the volatility indicator is contracting, which may lead to a larger directional breakout in the future.
In summary, BTC faces short-term technical adjustment pressure, but the fundamentals and market sentiment remain generally optimistic in the long run. Investors need to pay attention to key support levels and macro data dynamics.

I analyze
On the daily chart, both MACD and the volume-price have shown divergence. If it doesn't rise soon, then short at high points.