$BTC Settles at $103K — Smart Money Eyes Next Move
Price Action:
Bitcoin holds steady at $103,000, repeatedly rejecting the $105K resistance level throughout the week.
Macro Fuel:
US–China: 90-day tariff truce slashes duties (US: 145% → 30%, CN: 125% → 10%)
US–UK: New trade pact eases global uncertainty
US–Saudi: $600B mega-deal finalized
CPI Data: Comes in below forecast, boosting rate cut odds
Investor Sentiment:
Risk-on mood kicks in, fueled by global diplomacy wins and ETF inflows.
The Fed hints at rate cuts — first likely in July, with 2 more projected in 2025 (down from 4 earlier).
Warning Sign:
FTX gears up for its 2nd round of creditor repayments — volatility ahead.
Range Watch:
BTC continues to trade between $100.7K and $105K, despite a bullish macro backdrop.
Will the bulls finally break out?
Stay sharp.
BTC: $103,944.99 (+0.79%)
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