š„ $BTC At a Crossroads: Poised for a Rally or Further Consolidation?
The market is showing resilience, with $BTC recently retesting highs around $110k and currently navigating the $103k-$105k zone. News of continued institutional interest, with significant spot ETF inflows and corporate treasury acquisitions, provides a strong undercurrent of support. However, some analysts point to a "Summer Correction" phase, and the Fear and Greed Index shows "Greed," suggesting caution. Key macroeconomic factors, like evolving US-China trade dynamics and upcoming inflation data, could also inject volatility.
š Trading Outlook:
ā”ļø Long Scenario: A sustained break and hold above the $108,000 - $110,000 resistance could signal renewed bullish momentum, potentially targeting $115,000 and beyond. Consider using leverage with a clear invalidation point below recent support if this breakout occurs.
ā¬ ļø Short Scenario: If support around $100,000 - $103,000 decisively fails, a deeper pullback towards $92,000 could be in play. Conservative leverage might be considered if key support levels are breached with conviction.
ā ļø NFA/DYOR.
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