Market SnapshotBitcoin trades at $107,500, consolidating below the critical $108K-$110K resistance zone. Previous ATH ($112K) looms as psychological barrier while accumulation patterns suggest possible breakout preparation.Key Drivers & Technical Signals
• MACD showing early bullish momentum signals
• RSI at 52.3 indicates upside potential without overextension
• Strong community debate reflected in Bulls Target $110K and Flag Pattern Analysis posts
• $589M ETF inflows vs $2.13B leveraged shorts creating tension
Trading Scenarios
• Breakout above $110K targets $113K-$115K zone
• Rejection risks $104K-$105K retest (swing opportunity)
• July 3 options expiry ($20B) likely catalyst for volatility
• Monitor miner behavior and institutional positioning
The market balance appears fragile - 75.9% bullish sentiment could accelerate momentum if $108K holds, but elevated
funding rates warrant caution.#Bitcoinhaving #bitcoin #Bitcoinarena $BTC