๐ฅย #Bitcoin falls below 106,000 USD but maintains bullish structure
๐ BTC suffers a slight correction and is trading near 105,800 USD, with an intraday drop of more than -2%. The downward pressure arises after reaching recent highs near 108,750 USD.
๐ What is happening?
โ Profit-taking after recent rally
โ Strong technical resistance at 108โ112K USD
โ Awaiting key announcements from the #Fed this week
๐ Technically:
โ BTC remains within a larger bullish channel
โ Key support at 104โ105K USD
โ If maintained, momentum is still projected towards 112K and 120K
๐ฆ At the institutional level:
โ MicroStrategy accumulates 581,000 BTC
โ ETFs continue to absorb inflow
โ The U.S. Treasury holds 200,000 BTC as reserve
๐ Despite the pullback, projections from firms like ARK, Bitwise, and Fundstrat remain in the 150Kโ200K USD range for year-end
โ ๏ธ Attention:
โ If it loses 104K, support could be sought in the 98โ100K range
โ High sensitivity to macroeconomic decisions this week
$BTC #CryptoRoundTableRemarks #TrumpTariffs #BinanceHODLerRESOLV