#BTC

📊 Technical Analysis (4‑Hour Timeframe)

🔁 Double‑Top Pattern

BTC formed an “M”-shaped double-top near $110k–110.5k, with a neckline around $105.5k–107k. A break below the neckline would confirm bearish bias en.wikipedia.org+12sahmeto.com+12financemagnates.com+12investopedia.com+1nypost.com+1.

🛠️ Falling Wedge Pattern

Price is consolidating in a falling wedge—marked by converging lower highs and lower lows. This is often a bullish reversal signal in uptrends altfins.com+2altfins.com+2sahmeto.com+2.

Key breakout level: a 4H candle close above the wedge's upper trendline, ideally with higher volume.

📉 Fibonacci Retracement

Swing from ATH (~110.5k) down to the current low (~105k):

38.2% at ~108.3k

50% at ~107.75k

61.8% at ~107.2k

These levels act as short-term support/resistance zones sahmeto.com+1altfins.com+1reuters.com+11en.wikipedia.org+11altfins.com+11.

🧭 Support & Resistance Zones

Support: Neckline zone (~105.5k–107k), followed by fib confluence and psychological level at $105k.

Resistance: Double-top peaks at 110k–110.5k; a breakout above here targets new highs.

💡 Fundamental Analysis

Institutional Inflows & Macro Trends

Crypto funds hit record $167B in assets; $7B net inflows in May—BTC surged 15% in 3 months, outpacing gold and equities investopedia.com+15reuters.com+15tradingview.com+15.

Weakening U.S. dollar, rising bond yields, and market uncertainty are driving institutional interest marketwatch.com+2reuters.com+2nypost.com+2.

ETF & On‑Chain Data

U.S. spot-BTC ETFs continue receiving strong inflows; long-term wallets remain dormant, hinting at accumulation bitwiseinvestments.eumedium.com+1financefeeds.com+1.

Macro Outlook

Fed appears poised for rate cuts as inflation moderates—historically beneficial for BTC morningstar.co.uk+15bitwiseinvestments.eu+15medium.com+15.

Analysts project BTC reaching $120k–125k by June, with potential to $200k by year-end nypost.com+2financemagnates.com+2ft.com+2.