📊 Technical Analysis
● BTC again defended the 104 k-104.3 k flip-zone and long-term purple trend-line, printing a fourth higher-low inside the 7-month rising channel.
● Price is coiling in a tight bullish pennant beneath April’s high; a breakout aligns with the channel ceiling and projects toward the 112.5 k supply band.
💡 Fundamental Analysis
● CME BTC-futures open-interest hit a record this week, while Glassnode shows exchange reserves at a 6-year low—evidence of both leveraged and spot accumulation supporting upside continuation.
✨ Summary
Higher-low + record OI favour longs: accumulate 104-105 k, objectives 108 k ➜ 112.5 k, risk controlled on a close below 100.6 k.
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● BTC again defended the 104 k-104.3 k flip-zone and long-term purple trend-line, printing a fourth higher-low inside the 7-month rising channel.
● Price is coiling in a tight bullish pennant beneath April’s high; a breakout aligns with the channel ceiling and projects toward the 112.5 k supply band.
💡 Fundamental Analysis
● CME BTC-futures open-interest hit a record this week, while Glassnode shows exchange reserves at a 6-year low—evidence of both leveraged and spot accumulation supporting upside continuation.
✨ Summary
Higher-low + record OI favour longs: accumulate 104-105 k, objectives 108 k ➜ 112.5 k, risk controlled on a close below 100.6 k.
-------------------
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Trade active
📊 Technical Analysis
● BTC defended the purple trend-line and mid-channel twice (green dots), turning the 105 k zone into fresh support; the higher-lows sequence draws an ascending triangle inside a rising channel.
● Hourly close above 107 k unlocks the red-shaded 112 k supply/ channel roof, while invalidation sits below the 100.7 k accumulation shelf.
💡 Fundamental Analysis
● Net ETF inflow >4 300 BTC since Monday (Bloomberg) and CME basis widening signal renewed institutional demand.
● Softer US PMI headline cooled DXY, keeping funding costs benign for leveraged longs.
✨ Summary
Buy pullbacks 105-106 k; breakout ≥107 k targets 109 k → 112 k. Cut risk on daily close <100.7k.
-------------------
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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.
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.