📈 BTC breaks $103K: Institutional momentum and aligned technical fundamentals
Bitcoin (BTC) has reached $103,000, consolidating its upward momentum amidst clear signs of institutional accumulation and a favorable macroeconomic context.
🧠 Macro fundamentals and key catalysts:
▪️Positive flows in BTC spot ETFs: BlackRock and Fidelity report sustained net inflows above $500M weekly, reinforcing the narrative of the asset's institutionalization.
▪️Expected loose monetary policy: Expectations of a possible pause or cut in rates by the Fed reawaken appetite for risk assets like BTC.
▪️Favorable regulatory environment: The appointment of pro-crypto profiles in key bodies like the SEC paves the way for greater regulatory clarity.
📉 Technical analysis:
▪️Daily RSI: 73.4 – mild overbought zone; could anticipate a short-term technical correction.
▪️50D moving average: $96,800 – key dynamic support in case of a pullback.
▪️Market structure: Ascending lows since $91,000; bullish breakout confirmed with daily close above $102,000.
⚙️ Suggested strategy:
▪️Trailing Stop: Activate at 3-5% if looking to maximize gains without excessive exposure to reversal.
▪️Partial rotation to ETH or L2s: A good alternative given the potential exhaustion of the parabolic move.
▪️Wyckoff cycle: Institutional expansion stage (phase D), no evident signs of distribution observed yet.
📣 Do you consider the current breakout sustainable or do you expect a corrective phase before $110K?
💬 Share your technical or fundamental analysis with the community.
#bitcoin #TradingAvanzado #criptomercados #InstitutionalFlow #BinanceSquare