📊 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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