preview $102K as key support, while technical indicators suggest a new ATH is forming Bitcoin (BTC) held steady around $104,000 during the May 12 Wall Street open, consolidating after a strong rally spurred by the U.S.–China trade agreement. As stocks surged and the U.S. dollar index (DXY) hit a 1-month high, BTC positioned itself between risk-on momentum and macro recalibration.

Key Highlights: BTC consolidates after 3-day rally, trading in the $103K–$105K range DXY hits 1-month high as US-China deal reduces recession and rate cut fears Traders eye $102,000 as a liquidation cluster and support zone Retest of the 50-week EMA at $80,300 signals a new ATH may be forming BTC has swept nearby liquidity above $105K and awaits new breakout trigger Bitcoin Surfs Macro Tailwinds While Markets React Following the US-China tariff rollback announcement, global markets responded positively: S&P 500 and Nasdaq jumped ~3% Gold dropped sharply to $3,208/oz, nearing monthly lows DXY climbed, reflecting renewed investor confidence and fading rate cut expectations