Bitcoin Poised for Short-Term Dip Before New All-Time Highs

The current technical landscape indicates that Bitcoin's price action is set within a bullish macro trend, but with a short-term bearish correction underway. The formation of consecutive lower highs and a descending trendline point towards a temporary dip, possibly below $107,000. This pattern often signals an engineered liquidity grab, designed to fill inefficiencies like Fair Value Gaps (FVGs), which are areas where trading activity has left price imbalances. The critical level at approximately $106,200 aligns with Fibonacci retracement levels, adding confluence to its importance as a potential reversal zone.

Market participants, especially institutions, might see this dip as an area to re-enter positions, making it a high-probability buy zone. The intention behind the correction is not a structural failure but a calculated move to trigger liquidity, enabling a sustained move back into a bullish phase. After this correction, the price is expected to reverse and target the $110,500 zone, where significant liquidity remains unexploited, serving as a magnet for bullish accumulation.

Despite the short-term bearish signals, the overarching trend remains bullish, supported by the potential fill of the FVG and subsequent bullish order flow. The projected move above $108,744 towards $110,500 represents a modest rally of approximately 1.61%, which, given the macro context, seems feasible. The strategic correction allows for a healthy re-test of key support levels before a further move higher, reinforcing the view of a sustainable bullish trajectory in the mid to long term.