📊 Technical Analysis
● BTC rebounded off rising‐channel boundary and has formed a base in the $93K–95.3K accumulation zone. A decisive break above ~$95,700 would confirm a fresh leg to $98,000.
● Higher lows and tightening range signal building bullish pressure for an impulsive move toward the channel top.
💡 Fundamental Analysis
● Spot BTC ETFs logged ~$675 M of net inflows on May 2.
✨ Summary
Rising‐channel support + sustained ETF demand favor a short‐term long bias: targets
98K → $100K; view invalidated below $91,500.
-------------------
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● BTC rebounded off rising‐channel boundary and has formed a base in the $93K–95.3K accumulation zone. A decisive break above ~$95,700 would confirm a fresh leg to $98,000.
● Higher lows and tightening range signal building bullish pressure for an impulsive move toward the channel top.
💡 Fundamental Analysis
● Spot BTC ETFs logged ~$675 M of net inflows on May 2.
✨ Summary
Rising‐channel support + sustained ETF demand favor a short‐term long bias: targets
98K → $100K; view invalidated below $91,500.-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Trade active
📊 Technical Analysis
● Price respects the rising channel; the purple support line held, keeping the structure bullish.
● Supply band $95–98 K still caps, but a close above $95 K should unlock $98 K and the channel top near $102 K; bias is void on a sustained drop below $91.5 K.
💡 Fundamental Analysis
● Spot‑BTC ETFs attracted about $1.8 B net inflows last week, and major U.S. brokerages are preparing to pitch them to clients, underscoring firm institutional demand.
● FXStreet highlights renewed $100 K calls as investors hedge macro uncertainty with Bitcoin.
✨ Summary
Channel support plus robust ETF inflows favor a short‑term long view: objectives $98 000 → $102 000; invalidate on a close beneath $91 500.
-------------------
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Trade closed: target reached
BTC brought +3.5%, today consider further potential for movement.
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🔻FREE Telegram channel🔻
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Crypto signals in telegram
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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.