$BTC 🚨 Intraday Trading Opportunity in $BTC – Recommended Long Position 🚨
💰 Current Price: $104,855 — Bitcoin shows a recovery after reaching an intraday low of $102,807, indicating a possible rebound.
🔍 Technical Analysis:
Key Support: $102,800.
Immediate Resistance: $105,220.
Relative Strength Index (RSI): 39.31, indicating neutral market conditions.
📰 Fundamental Factors:
Price Recovery: Bitcoin recovered above $104,000 on June 6, after a previous drop to $100,000 levels, showing optimism in the market despite geopolitical tensions and internal disputes in the U.S.
Net Outflow from Bitcoin ETFs: A net outflow of $47.8 million was recorded in Bitcoin ETF funds on June 6, which could indicate a decrease in institutional demand in the short term.
🎯 Suggested Strategy:
🟢 Long Entry: $104,800–$105,000.
🎯 TP1: $106,500 (+1.6%).
🎯 TP2: $108,000 (+3.0%).
🔴 Stop Loss: $102,500 (below key support).
📈 Act now! Current conditions favor a long position in $BTC. Follow me for more real-time signals and detailed analysis 🔔.
Trade now! 👇