Good morning☀️
#Bitcoin has been moving sideways between $100-105k for a week.
🔹Whale activity is in the positive zone (+17)
🔹Funding rates are normal
🔹Long ratios are low
🔹ETF purchases are ongoing
🔹The global side is positive
It is very important to determine whether there is a cooling in the data during the process of sideways movement. Weakness in positive data is often observed at points where the trend is about to end or change.
Currently, despite a week of sideways movement, there is no sign of weakness in the data, and the existing data remains positive. This indicates that the trend is still strong and may continue after sideways movement or slight corrections.
Since the current data is positive, I don't think there will be any issues as long as the 100k support is maintained. If 100k is lost, we can follow the 97-92k range as support.
Whenever there is a significant positive or negative change in the data, I will provide updates immediately, friends.
I wish everyone a beautiful day and plenty of profits.