Daily Chart

On the daily timeframe, BTC pulled back, retesting its 100-day moving average, coinciding with the $116,000 area, where the price temporarily stabilized after last week's breakout. This area aligns with the midpoint of the local structure and sits above the $107,000-$109,000 demand zone, which remains a key defensive area.$BTC #DoubleRewardsWithGUSD #AreYouBullishOrBearishToday? #TradeOnGateToClaim5Million $

The rejection from the $124,000-$125,000 supply zone led to a significant increase in liquidity above previous highs, followed by a sharp pullback. Although the correction was steep, the structure has not yet been fully broken, with the $108,000 range still providing static support, and the 200-day moving average (MA) near $107,000 providing an additional point of convergence below.

For now, Bitcoin appears to be trading between two moving averages, which are likely to consolidate. Sustaine#GateFunCommunityIsComing d acceptance above the 100-day moving average could signal stabilization and provide a basis for a gradual recovery, but a loss of this$BTC level could open the door to deeper tests towards macroeconomic support at $104,000-$102,000.