With traders watching for a possible decline below $100,000, the price of Bitcoin is perilously near a critical psychological and technical level. At $104,900, Bitcoin is currently trapped between thin bid support at $103,000 and liquidity at $105,000. Global macroeconomic tensions exacerbate the market's hesitancy, which keeps volatility low and traders wary. The $105,000 mark is turning out to be a crucial turning point. BTC has had difficulty breaking through this ceiling because it is not only psychological resistance but also the location of significant sell-side liquidity clusters. Any persistent rejection from this sector might trigger a wave of bids that could eventually reach $103,000. This narrative is further supported by local volume metrics.

The Point of Control (PoC), as indicated by the Fixed Range Volume Profile (FRVP), is at $103,000. Throughout June, this level has served as both support and resistance. Its relevance is further highlighted by the fact that this level overlaps with the weekly composite volume profile. Bitcoin faces a significant increase in downside risk if it is unable to maintain above this zone. Because the RSI is neutral, neither bulls nor bears have a significant advantage. The likelihood that Bitcoin will chop or bleed lower into support appears to be growing unless a clear catalyst surfaces. Furthermore, $100,000 becomes a brittle floor, if not a trapdoor, if $104,000 breaks convincingly.