๐จ $BTC is dancing between ~$106kโ$109k right now! ๐
Just saw it hit $109.7k intraday before cooling off near $107.7k, pulling back ~1.6% after recent highs. Smart move or stopโloss shuffle? ๐ค๐
This rally's fueled by:
A flag breakout with a golden crossโbullish signals pointing toward $112k resistance and possible run-up to $125k+ by June end
Strong institutional interest: ETF inflows climbing, whale accumulation visible, and exchange supply at three-year lows
But watch out โ:
Onโchain data shows a textbook double top pattern at $110kโ$113k, whale selling and stopโloss hunting could trap weak hands
June historically tends to bring murkinessโJune pullbacks in past years? Yes. So stay sharp.
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๐ So hereโs my trade mindset right now:
Watching $105kโ$107k support closely. If it holds, looks like a springboard.
Clear breakout above $110kโ112k with volume = ๐ next leg.
But if double-top collapse hits or $105k support breaks, be ready for retest or deeper dip.
Alerts are ๐, orders prepped, trades planned. Execution over emotion = profit.
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๐ How are you trading this move? Are you scaling in on dips or waiting for confirmation above $112k? Drop your game plan!