📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
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💰 20 top posts will each win 50 MBG!
How to Participate:
1️⃣ Research the MBG project
Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
2️⃣ Join and share your real experience
Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
📈 Price Snapshot & Key Levels
Current price: ~$105,006
Today’s trading range: ~$104,300–106,097
Important technical levels:
Support: $103,200–104,000 (previous support zone)
Resistance: $105,600–106,000 (EMA/Ichimoku cluster), next at $110,000–112,000
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🔍 Market Drivers
1. Profit-taking & Technical Pullback
BTC recently broke down from the $106K Fibonacci/EMA region, hovering near $104K. RSI (~37) and MACD indicate short-term bearish tension .
2. Geopolitical Risk
Middle East tensions triggered a short-term risk-off move, pulling BTC briefly below $106K—though within “normal” correction parameters (~3–5%) .
3. Institutional Flows & Macro Tailwinds
Spot ETF assets recently surged from $91B to $132B, reflecting sustained inflows .
US–China trade progress continues to buoy risk assets, similarly impacting BTC .
4. Macro Outlook
Investors are eyeing the upcoming U.S. inflation and jobs data. Optimism around Fed rate cuts could propel BTC toward $120K–125K by June end .
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🧭 Analyst Take
Bullish Scenarios:
Break above $107.5K–110K could open runway to $112K, then **$120K+** .
Long-term upbeat sentiment: Cathie Wood eyes $1.5M by 2030; Tom Lee targets $150K by year-end .
Cautious/ Bearish Warnings:
Cointelegraph flags a potential “bull trap” fractal—could dip below $100K in deeper correction .
FT warns of speculative bubbles in Bitcoin-related shares and warns meltdown may lie ahead .