#Bitcoin: Local Relief But Lower High Expected

$BTC Bullish Structure Intact – Eyes on CPI🚨

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 $99K–$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.

🔸 Key Support Zone at 99K – 100K:

This region offers the best risk-reward re-entry opportunity if market revisits it. Orders are already placed accordingly.

🔸 Upside Target: 110k+
Breakout from the current consolidation is expected to push price toward 110K+, possibly extending into the 115K–120K range forming the final leg of the cup & handle pattern.

🔸 Outlook:
Watching CPI release on June 11 – 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 99–100K zone in case of CPI-driven dip

$BTC

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