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BTCUSD Analysis | Buyers Returning at Key Support

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🔍 Market Context:
BTCUSD recently saw aggressive selling pressure between May 30 and early May 31, as seen in heavy negative delta prints (-41, -63, -53) and elevated sell volumes. Price fell sharply from ~$106,000 to the ~$103,500–$104,000 region.

However, this drop is now showing signs of buyer absorption, with several candles printing positive delta (e.g., +5, +6, +24) and increased buy-side volume. The price has since recovered to around $104,927, with buyers holding the level strongly into the latest 4H close.

🔄 Footprint Takeaways:
Strong Sell-Off Zone: ~$105,750–$106,000
Sellers dominated here with significant imbalances and sharp rejection.

Key Demand Zone: ~$103,500–$104,000
This area saw multiple positive delta candles and absorption behavior — likely where bulls are building positions.

Recent Strength:

Latest candles show clear buyer control with strong closes and little upper wick.

Volume delta improving in favor of the bulls.

🧭 Outlook:
📈 Short-Term Bias: Bullish
🧱 Resistance Ahead: $105,750–$106,000
💡 Support to Hold: $103,500–$104,000

A clean break and hold above $106K would shift the momentum toward continued upside. Until then, this remains a potential reversal zone worth watching closely.

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