📊 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.

🔍 Technical Breakdown:

RSI: 41.25 → 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 → undervaluation signal.

📈 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.

🔮 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.

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