🚨 Bitcoin Market Breakdown – May 29, 2025 🚨

📉 BTC Price Action:
Bitcoin is trading around $107,688, down 1.03% on the day. The market has entered a consolidation phase, ranging between $105,000 – $109,500 since May 23.

🔑 Key Levels:

🟢 Support: $105,000 / $102,500

🔴 Resistance: $109,500 / $112,000

📐 BTC is compressing below a local descending trendline — potential breakout or breakdown imminent.

💼 Whale Activity:
A prominent whale exited at a $4.4M loss near $108K 👀 — suggesting large wallets may be hedging against short-term downside risk.

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📊 Dominance & Market Rotation:

BTC Dominance (BTC.D): Holding above 53% – showing Bitcoin is still king, but slowly ceding room to ETH and select altcoins.

ETH Dominance (ETH.D): Rising slowly – a subtle sign capital may begin rotating into Layer 1s soon.
➡️ Translation: Altcoins remain fragile, but a few are gearing up for breakout runs.

🔮 Short-Term Forecast (Next 12–24H):
Bitcoin likely stays within $105K–$109.5K unless a surprise macro trigger hits.
A break above $110K would open doors to a strong rally toward $114K, while a close below $104.8K could invite a test of $101K.

📌 Strategy:

🤏 Scalp-focused traders – plenty of opportunity within range

🛑 Swing traders – wait for confirmation, don’t chase

😴 Long-term investors – stay patient, build on dips if conviction is strong

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