📊 Technical Analysis
● 108.7-109 k has held for the fourth time, flipping the purple retest line into solid support; each bounce prints a higher low, sketching a rising triangle inside the medium-term channel.
● A 6 h close above the triangle cap at 111.2 k should unleash a measured 13 k thrust toward the channel’s roof / red supply at ≈122 k.
💡 Fundamental Analysis
● Glassnode shows another 24 k BTC left exchanges in May while US spot ETFs recorded five consecutive inflow days, tightening tradable supply even as macro volatility fades.
✨ Summary
Buy 108-110 k; breakout >111.2 k targets 115 k → 122 k. Invalidate on a 6 h close below 105 k.
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● 108.7-109 k has held for the fourth time, flipping the purple retest line into solid support; each bounce prints a higher low, sketching a rising triangle inside the medium-term channel.
● A 6 h close above the triangle cap at 111.2 k should unleash a measured 13 k thrust toward the channel’s roof / red supply at ≈122 k.
💡 Fundamental Analysis
● Glassnode shows another 24 k BTC left exchanges in May while US spot ETFs recorded five consecutive inflow days, tightening tradable supply even as macro volatility fades.
✨ Summary
Buy 108-110 k; breakout >111.2 k targets 115 k → 122 k. Invalidate on a 6 h close below 105 k.
-------------------
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Trade active
📊 Technical Analysis
● Price defended the purple trend-support and inner demand block at 105-108 k, then resumed higher within a steep ascending flag; the pattern hugs the channel’s mid-rail, keeping the string of higher lows intact.
● A 16 h close through 111.3 k completes the flag and activates a 1.618 swing objective in the 121-122 k red supply at the channel roof; protective support now trails up to 104.3 k.
💡 Fundamental Analysis
● Five-day net ETF inflow >8 500 BTC and another dip in exchange reserves underline tightening float just as US yields cool after softer consumer-confidence data.
✨ Summary
Long 106-109 k; flag breakout > 111.3 k targets 115 k → 122 k. Bull view void on a 16 h close < 104 k.
-------------------
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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.