š„ $BTC Teetering Near Highs: Breakout or Fakeout? š§
The market saw some choppy waters recently. $BTC briefly touched $110k yesterday before retracing to around $108k today, showing some indecision near recent peaks. Whale accumulation appears to have paused, and trading volume has dipped slightly. Broader market sentiment remains cautiously optimistic, buoyed by recent inflation data and ongoing institutional interest, though some analysts point to a potential "Summer Correction" phase. US-China trade talk developments and upcoming Fed commentary are also on traders' radars.
š Trading Outlook:
š Potential long (no leverage recommended for swings): If we see a sustained break and hold above the $110,500 - $112,000 resistance zone, targeting higher levels.
š Short setup (consider leverage with tight stops): A failure to reclaim $110k and a breakdown below $105,000 could signal a deeper correction.
ā ļø NFA/DYOR.
#BTC #CryptoNews #MarketUpdate
