#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