. Short-Term Bullish Breakout Likely (Next 8โ€“12 Hours)

  • RSI Bounce Setup: BTCโ€™s 14D RSI recently dipped below 30 $BTC which often comes before strong rallies. Current RSI around 41 = still room for upside before hitting overbought.

  • Bollinger Squeeze: Price consolidation around $109.5Kโ€“$110.2K, indicating low volatility. A clean break above $110.24K (June 11 high) could drive momentum to $111.8K+ (ATH).

    Sentiment Tailwind: Fear & Greed Index at 76 (Greed), backed by $336M net inflows into US BTC ETFs (BlackRock leading) = clear bullish pressure.


2. Key Resistance & Liquidation Zones to Watch

  • Immediate Resistance: $110.2Kโ€“$110.5K. Breakout above this cluster likely triggers >$250M in short liquidations = turbo boost for bulls.

  • ATH Test in Sight: Sustained volume above $110.5K opens path to $111.8K (May 22 ATH), with potential stretch target at $115.1K.

  • Caution: Heavy long liquidation zone above $110.5K might cause brief pullbacks before continuation.

๐Ÿ”ป 3. Downside Risk Zones

  • Key Support: $108.37K (June 10 low). Losing this opens door to $107.5K, where ~$420M in long liquidations are at risk.

  • On-Chain Safety Net: STH cost basis = $97.1K, and 0.85 SSD quantile = $95.6K. Long-term support โ€” unlikely to be tested unless major macro shock hits.


๐ŸŒช 4. Catalysts Iโ€™m Watching Closely

  • CPI Report (June 11): A hot inflation print = volatility spike. Could boost safe-haven flows into BTC.

  • Options Market Mispricing: BTC implied volatility is too low given price action. Expect sharp moves. Traders are stacking cheap calls.

  • ETH Rally Effect: ETH up 4.6% + $124M ETF inflow. If ETH breaks $2,820, it could pull BTC up with it.

๏ฟฝ My Price Projection Summary

TimeframeScenarioProbabilityPrice Range0โ€“12 HRSBullish Breakout60%$110,200โ€“$111,81412โ€“24 HRSSideways Consolidation30%$108,800โ€“$110,500DownsideBearish CPI Surprise10%$107,500โ€“$108,800


โœ… Conclusion:


BTC looks primed for a fresh ATH test IF it holds above $109.5K.

๐Ÿšจ Watch $110.2Kโ€“$110.5K zone closely โ€” a breakout here could trigger a momentum wave.

๐Ÿ”’ Risk management is key with macro events + options mispricing at play.


๐Ÿ’ก My Strategy Tip:


Iโ€™m keeping a tight stop-loss around $109K on longs.

A 1-hour close above $110.3K wo$BTC uld confirm breakout โ€” and potemntially kickstart the ATH run.

Donโ€™t sleep on this zone.

๐Ÿ‘‰ Trade smart, stay safe โ€” $BTC ๐Ÿ”ฐ