📊 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. Strate