BTCUSDT SPOT
Long
Updated

DeGRAM | BTCUSD held the support

415
📊 Technical Analysis
● BTC is holding a well‑defined rising channel; the latest dip rebounded off the mid‑line/101 K zone (labelled “optimal buying”).
● A compact bull flag within that zone implies continuation toward the channel’s ceiling and the 108 K supply band.

💡 Fundamental Analysis
● Hong Kong spot‑BTC ETFs logged five consecutive inflow sessions, lifting combined AUM above $650 M and reducing tradable supply.
● US retail‑sales miss and dovish Fed commentary weighed on the dollar, improving risk appetite for crypto.

Summary
Channel mid‑line defence, steady HK ETF demand and a softer USD support a long view: accumulate 101‑102 K, target 104.5 K → 108 K, cut if price closes below 97.4 K.

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snapshot
📊 Technical Analysis
● Price bounced off the 100 200‑green support block and intersects the long‑term purple trend‑line, carving a fresh higher low inside the rising channel.
● A rising wedge has morphed into a bull flag; a 16 h close above 104 000 confirms flag breakout and points to the red supply / channel top at 109 000.

💡 Fundamental Analysis
● CME Bitcoin futures open‑interest hit a record $7.4 B as pensions and macro funds add length, signalling leveraged demand even as spot supply contracts (Glassnode) — consistent with continuation higher.

Summary
Higher‑low + record futures interest favour longs: buy pullbacks into 101‑102 K, aim 104 K ➜ 109 K; invalidate on a daily close below 97.5 K.

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