Bitcoin is pressure because it tests the main support level near 105 thousand dollars after restoring its highest level at 112 thousand dollars. The withdrawal comes amid the increasing uncertainty in the market, caused by the tariff for former President Donald Trump on dozens of countries. This unexpected legal development added a new volatility to the global markets, which leads to strengthening speculation and nervousness through the risk of risk, including cryptocurrencies.
Despite the strong upward trend in recent months, BTC is now facing a critical moment. The bulls are trying to defend an area of 105 thousand dollars to 106 thousand dollars, which appeared as a short -term request area. The decisive collapse can open at the bottom of this level, the door for a deeper decline, while the strong bounce may emphasize the broader bullish structure.
In addition to caution, the data on the chain of Cryptoquant shows that the size of the cumulative Taker Taker has turned into negative, indicating an increase in aggressive sale. This declining force indicates that sellers currently dominate market demands, which may undermine upward momentum if the request is not obligated soon.
Bitcoin carries the line, as the bears increase the pressure
Bitcoin tests the critical support area above 105 thousand dollars, a level that can determine the next stage of this course. After reaching its highest level at all, it was $ 112,000, BTC was cooled, and now the market is ready with global economic tensions. Confronting the continuous tariff between the United States and China reshapes the total conditions, which leads to volatility and defensive behavior across the markets.
Despite these opposite winds, Bitcoin seems to be relatively well. Unlike stocks and some assets on risks, BTC and ETH continue to show flexibility in the face of total economic uncertainty. Many investors view Bitcoin as a hedge against regular stress, and the current price procedure supports this thesis.
Still, the pressure is constructed. Senior analysts Axel Adler Shared major visions He revealed that the bears were putting great pressure over the past five days, with a strong size of the sale indicating an increase in uncertainty in the short term. This trend indicates that although long -term holders are still confident, the short -term merchants are actively selling in strength, and they may be likely to be immediate collapse attempts.
If Bitcoin is able to keep the current levels and absorb the pressure pressure, this may lead to a higher flowing step, confirming the broader upward trend. However, the collapse below may call for support to a deep decline and the market confidence test. With the high level of size and global headings that dictate feelings, the coming days can be fixed a pivotal bitcoin direction in the short term.
Price procedure details: BTC test request
The graph for 4 hours shows that Bitcoin is withdrawn again to test the support area from 105 thousand dollars to 106 thousand dollars after its failure to restore the resistance level of 109 thousand dollars. The price of price has weakened since rejection near the highest level at 112 thousand dollars ever, with lower levels and low reduction in modern sessions. BTC is now trading below 34 periods of EMA, 50 and 100 SMAS, indicating that short -term landmark is gaining traction.
Support at 105 thousand dollars is very important. It is not only the last unification area base, but it is also located above the horizontal level at 103,600 dollars, which was characterized by the structure of penetration earlier in May. The collapse below this range may increase the pressure pressure and open the door to re -test 200 SMA near 102 thousand dollars.
The volume remains high, and modern candles show a strong activity on the sale side, in line with Cryptoquant data that indicates the growing strength of the net size. However, the bulls still have an opportunity to defend this area and reset the direction. The successful apostasy from here, followed by a restoration of $ 109,000, would restore momentum and potentially indicate the top of the leg. Until then, the BTC remains linked in the range and is exposed to increasing the negative side in the short term.
Distinctive image from Dall-E, the tradingView graph
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