$BTC Review

$BTC Review

BTC is consolidating at a high level, which is somewhat dull, so Brother James has become the focus of the market.

- ETF net inflow yesterday ~3500 BTC
- DJT denied and then grandly announced a $2.5 billion Bitcoin treasury
- An ETH version of MicroStrategy is on the horizon, with US stock SBET surging 10x
- Bitcoin conference has opened
- FTX repayments will begin on the 30th

Under a series of heavy positive news, BTC failed to break through the upper resistance and instead opened up a ~2000U fluctuation at a high level, indicating that the short-term consolidation has not ended.

If 110400 is the top of this rebound, the support levels below are:
> $107500 <6H support>
> $105750 <12H support>

After the pullback ends, BTC is expected to challenge new highs again (with multiple positive supports like DJT's Bitcoin treasury, FTX refunds, etc.).