📊 Technical Analysis
● Price rocketed out of the $91 300 demand zone, snapping the 6‑month descending trend and converting the $99 500 former cap into support.
● A tight bull pennant is forming just above that level; a decisive break targets the marked resistance level/supply band at $108 000. Long bias void below $93 300.
💡 Fundamental Analysis
● U.S. Treasury’s plan to boost quarterly bill issuance is flattening real yields and lifting non‑yielding assets.
● Hong Kong’s new spot‑BTC ETFs amassed >$500 M AUM in two weeks, signalling fresh Asia‑Pacific demand and tightening offshore float.
✨ Summary
Pennant continuation above new support and expanding Asian ETF inflows argue for a push from $99.5 K to $108 K; protect longs if price closes under $93.3 K.
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● Price rocketed out of the $91 300 demand zone, snapping the 6‑month descending trend and converting the $99 500 former cap into support.
● A tight bull pennant is forming just above that level; a decisive break targets the marked resistance level/supply band at $108 000. Long bias void below $93 300.
💡 Fundamental Analysis
● U.S. Treasury’s plan to boost quarterly bill issuance is flattening real yields and lifting non‑yielding assets.
● Hong Kong’s new spot‑BTC ETFs amassed >$500 M AUM in two weeks, signalling fresh Asia‑Pacific demand and tightening offshore float.
✨ Summary
Pennant continuation above new support and expanding Asian ETF inflows argue for a push from $99.5 K to $108 K; protect longs if price closes under $93.3 K.
-------------------
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Trade active
📊 Technical Analysis
● Price broke a 6‑month falling wedge, reclaimed the 99 500–100 000 former ceiling.
● The mid‑channel green line; holding this level keeps the next objective at the 108 000 supply / upper resistance level in play. Invalidation on a close back under 100 000.
💡 Fundamental Analysis
● First‑round 13F filings show major U S pension and hedge funds (e.g., Wisconsin Investment Board, Millennium) taking stakes in spot‑BTC ETFs, signalling deeper institutional adoption and shrinking tradable float.
● Cooling U S PPI (2.4 % y/y) weighed on real yields, while Fed‑funds futures price two cuts before year‑end—both tail‑winds for non‑yielding Bitcoin.
✨ Summary
Expanding institutional ETF ownership and softer yields back a push toward 108 K; protect longs below 100 K.
-------------------
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🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
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Disclaimer
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90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.