Bitcoin (BTC) reached a new all-time high but is still 5% below the $110,000 mark, indicating potential market sentiment shift. Indicators such as ADX and NUPL suggest a slowdown in upward momentum. ADX is down, indicating a fading trend intensity, while NUPL has decreased slightly, reflecting profit-taking or market cooling. BTC remains in the "Belief – Denial" zone, signifying confidence among investors but with caution emerging. If BTC breaks above resistance at $103,638, it may reach new all-time highs around $108,000, but if trend weakening continues, a bearish shift could occur, potentially testing the $94,000 and $90,000 support levels.



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