๐Ÿ“Š Bitcoin (BTC) Market Analysis



Bitcoin is currently trading around $105,971, reflecting a daily gain of 1.63%. The price is holding above the 200-day SMA, confirming long-term bullish strength even amidst recent short-term corrections.

๐Ÿ” Technical Breakdown:

RSI: 41.25 โ†’ Nearing oversold territory, signaling a possible bounce.

SMA Levels:

SMA20: $102,331.70

SMA50: $99,201.26

SMA200: $77,874.79

Bollinger Bands: BTC is close to the lower band โ†’ undervaluation signal.

๐Ÿ“ˆ Macro Insight:

Over $3.3B flowed into crypto products in the last week of May, marking strong institutional interest. Strategic accumulation and structural support are driving BTC toward potential breakout zones in the upcoming sessions.

๐Ÿ”ฎ Conclusion:

BTC is in a strong consolidation phase. If $95K holds, bulls may take the lead again. Long-term trend remains intact. Eyes on breakout above $108K for momentum continuation.

#BTC#
#Market#
#CryptoTrend#
#SupportZone#
#BullishMomentum#
BTC-2.23%
BAND-10.37%
OVER-28.1%
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Ryakpandavip
ยท 06-03 16:53
ๅฟซenter a position๏ผ๐Ÿš—
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