Breaking $105K resistance was decisive – now trading at $106,377 with bullish continuation signals:
- **Technical**:
✅ Daily close above 200EMA ($104.8K)
✅ Bullish divergence on 4H MACD
⚠️ Overheated short-term RSI (72) suggests pullback
- **Fundamental**:
• Spot ETFs: $1.2B inflows today (BlackRock dominance)
• Miner capitulation easing: Hash rate stabilizes
• VIX correlation drops to 0.18 (decoupling from equities)
Immediate levels:
▫️ Support: $105.2K (previous resistance flip)
▫️ Target: $109K (1.618 Fib extension)
Strategy: Swapping 20% to stables at $107K, re-entering at $104.5K CME gap. Weekly options hedging for Senate event risk. $BTC