$BTC Growth of the money supply in the USA: may contribute to an increased interest in Bitcoin as a hedge against inflation

Institutional investments: Bitcoin ETFs recorded an inflow of $120 million on June 5, indicating growing interest from traditional financial institutions

Correlation with the stock market: high correlation with Nasdaq (0.75) may influence the price of Bitcoin depending on movements in the stock market

📌 Trading strategy

Entry: upon breaking the $105,000 level

Target: $110,000

Stop-loss: $101,500

📝 Conclusion

Bitcoin is currently in a zone of uncertainty, with potential for growth upon breaking through a key resistance level. Increased trading volume and positive fundamental factors may contribute to further growth. However, it is important to monitor technical indicators and news that may impact the market.