📌 Today's Snapshot
Current price: ~$106,957 – up about 1.89% intraday, recovering from earlier dips reaching ~$104.6K.
Context: Price gained $106.8K) after geopolitical dips, remaining $112K).
📊 Technical Landscape
Support zones:
$104K–$105K demand zone confirmed (rebounded from there).
$102K (200‑EMA) is critical; daily close below might deepen correction toward $98K.
Resistance levels:
Short-term: $108K–$110K (as flagged by liquidity zones).
Key ceiling: $112K (May ATH). Breakout could open path to $120K–$137K.
Indicators:
4‑hour momentum and volume turned positive; bullish alignment across EMAs supports upside.
Volatility remains subdued—market shifting into steady rally phase.
🔮 Weekly Scenarios (June 16–23)
Scenario Outlook
Base case Price retests $104K–$105K, then rebounds toward $108K–$112K
Bullish case Break above $112K, aiming for $120K–$137K
Bearish case Drop below $102K → potentially deeper correction toward $98K
Base case favoured: support at $104K–$105K looks strong per 4‑h chart; next bounce likely.
🧭 Macro & Sentiment Drivers
Geopolitics: Israel–Iran tensions caused initial sell-off, but eased sentiment helped rebound. Continued conflict could test anew; experts say BTC stays above $100K unless escalation intensifies.
Inflation & Fed: Cooling CPI and potential Fed rate cuts support risk asset rally, fueling recent move toward record highs.
Institutional flows: ETFs (~$132 B in assets), corporate treasury accumulation, and whale positioning remain key bullish drivers.
Market sentiment: Transition from high volatility to stable strength underpinned by real‑world adoption trends.
✅ Trading & Investment Tips
Short-term traders: Consider buying near $104K–$105K, with a tight stop below ~$102K.
Medium-term investors: Accumulation on dips is advisable; trend remains bullish above $100K.
Risk control: Only a sustained breakdown below $102K would invalidate the bullish structure.
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