Technical analysis by cryptodailyuk about Symbol BTC on 5/31/2025

Hello everyone, I invite you to review the current situation on BTC taking into account the 4-hour interval. We can see how the price is maintained just below the upward trend line, while a downward trend channel may be forming locally.Here you can see how the price decline is maintained in a strong support zone from $ 105,000 to $ 103,150, however, if the support zone is broken, the price may quickly fall to the support area at $ 100,700Looking the other way, you can see that when the trend reverses, we first have resistance at $ 106,560, the next is at $ 108,590, and then you can see very strong resistance at the level of the last ATH in the area of ​​$ 112,000.On the MACD indicator and the RSI indicator, you can see how we are maintaining in the lower part of the range, which indicates that the price bounce is still taking place to continue the growth.