#BTC110KToday? BTC ANALYSIS TODAY – JUNE 29

🔥 Are you ready for a HISTORIC week closure?

🔸 Current price: $107,556

🔸 Intraday range: $107,206 – $108,472

🔸 24h variation: +0.18%

🔸 Key weekly/monthly close: $108,980

📈 WHAT'S HAPPENING IN THE MARKET?

✅ Massive capital inflow into BTC ETFs: +$4.4B in June

✅ Accumulation of shorts = risk of short squeeze ⚠️

✅ RSI at 56 and positive MACD = Bullish momentum

✅ BlackRock ETF + institutional support remain strong

🧠 Technical analysis Binance:

– BTC forms a bullish engulfing candle near the monthly close

– If it breaks $109k → explosion to $110k–$112k! 🚀

– If there is rejection → key support at $106k 🛡️

📌 SCENARIOS FOR TODAY:

📈 Bullish Breaks $109k and activates squeeze Target: $111k+ 🚀

➖ Range Fluctuates $106k–$108k Wait for breakout 🔄

📉 Bearish Strong rejection and no volume Support $105k 🛑

🎯 My view for today:

🔵 I maintain a bullish outlook with caution.

If BTC closes today above $109k, bullish momentum may consolidate. If not, we could see range or retracement.

Zone for low-risk entries: $106,450 with a short stop.

Zone for breakout: $109,100+ with volume