📉 BTC/USDT – Advanced Technical Analysis (30 May 2025)

Current Price: ~$105,733
Trend Context: Pullback after a local high near $112,000

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🔁 1. Fibonacci Retracement Levels

Using the recent swing low ($95,200) and swing high ($112,000):

23.6% retracement: ~$107,873

38.2% retracement: ~$105,397

50% retracement: ~$103,600

61.8% retracement: ~$101,803

📌 Current price (~$105,733) is sitting just above the 38.2% level, which is a common support zone in a healthy uptrend. A bounce here would confirm bullish continuation; a break below could see price test the 50% or 61.8% levels.

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🧱 2. Wyckoff Method: Distribution or Re-accumulation?

Phase C: BTC may have entered a “shakeout” or “spring” phase as it briefly dropped below key support ($107k), testing demand.

Phase D: If buying volume increases from this level and price reclaims $107–108k, it could enter a markup phase, continuing the uptrend.

If price fails: it may shift into a distribution pattern, signaling deeper correction toward $100k.

🪙 Volume analysis: Volume has slightly decreased on this pullback, suggesting profit-taking rather than panic selling—typical in re-accumulation.

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📈 3. Moving Averages (MA)

50-Day MA: Currently near ~$104,800 – acting as dynamic short-term support.

200-Day MA: Below $98,000 – confirms long-term uptrend.

Golden Cross Confirmed: The 50-MA remains above the 200-MA, a classic bullish signal.

🧭 As long as BTC stays above the 50-MA and reclaims the 23.6% Fib level (~$107.8k), bulls remain in control.

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✅ Conclusion: What to Do Now?

If you're holding BTC: Monitor the $105,000–$105,400 range closely. This is a critical support zone (38.2% Fib + 50-MA).

If looking to buy: Consider entering around $104,500–$105,000 with tight stop-loss. Better entries could appear near $103,600 (50% Fib) if price weakens further.

If price reclaims $108k: Expect a retest of $110k–$112k.
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