Bitcoin's Next Move: $110K Breakout or $94K Dip? SMC Decides

#Bitcoin Daily Chart Analysis – Smart Money Update

As of today, BTC is trading around $105,800 and is showing signs of consolidation after reaching a key resistance zone near $110K.

Let’s break down what’s happening on the chart 👇

Current Market Structure
▶️ BTC has been in a clear uptrend, with multiple Breaks of Structure (BOS) confirming bullish momentum throughout April and May.
▶️ However, price recently entered a premium zone (above $110K), where it faced strong resistance.
▶️ This created a weak high, and we saw a Change of Character (CHoCH) that suggests buyers are slowing down.

Key Levels to Watch

$102K–$106K Zone (Current Area)
▶️ Price is sitting inside a Bullish Order Block + Fair Value Gap (FVG).
▶️ This is a strong support zone.
▶️ If this area holds, we could see a move back up toward $110K or even higher.

$93K–$96K Zone
▶️ Another clean Bullish OB + FVG combo.
▶️ If BTC breaks down from the current zone, this is the next major area where Smart Money might step in to buy.

$83K–$87K Zone
▶️ Deep discount zone, far below equilibrium.
▶️ If price reaches here, it’s a high-probability reversal area.

What Smart Money Might Do
▶️ If BTC holds above $102K–$105K, bulls could regain control and retest the highs near $110K.
▶️ If we break below this zone, expect a pullback toward $94K–$95K or even $87K, where more demand is waiting.

Fair Value Gaps (FVGs)
▶️ Several FVGs are visible, especially between $98K–$103K and $93K–$96K.
▶️ These gaps are areas of imbalance where price is likely to return and fill before the next move.

Summary
▶️ BTC is currently in a decision zone.
▶️ Holding above $102K = bullish continuation likely.
▶️ Breakdown = retracement into deeper bullish zones.

⚠️ As always, wait for confirmation on lower timeframes before entering any trade. Let the market show its hand.

Stay patient. Smart Money doesn’t chase—It waits.

NFA & DYOR