$BTC Bullish Structure Intact โ Eyes on CPI๐จ
Bitcoin is currently consolidating near the $105K region after a strong breakout above previous resistance. The structure remains bullish with clear higher highs and higher lows intact. The ideal re-entry zone for a high-risk-reward setup is between $99Kโ$100K, aligning with key support and the previous breakout level. If price dips into that zone, it could offer a prime opportunity for long entries.
๐ธ Key Support Zone at 99K โ 100K:
This region offers the best risk-reward re-entry opportunity if market revisits it. Orders are already placed accordingly.
๐ธ Upside Target: 110k+
Breakout from the current consolidation is expected to push price toward 110K+, possibly extending into the 115Kโ120K range forming the final leg of the cup & handle pattern.
๐ธ Outlook:
Watching CPI release on June 11 โ a major macro event that could induce short-term volatility. Expect potential fakeouts or shakeouts around that day. Maintain core holdings and place additional bids around the 99โ100K zone in case of CPI-driven dip
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