š Market Overview:
Bitcoin (BTC)
Trading around $109,000, after briefly topping $110,117 in intraday highs .
Experienced a moderate pullback: down ~0.7% from yesterdayās close .
Key levels: strong support at $108K, resistance in the $109.5Kā$112K range .
Analysts point to a bullish outlook in July, historically averaging ~7.5% seasonal gains, with potential targets up to $116Kā$200K in the next few months .
Market remains cautious; a breakout above $108K is viewed as the next key catalyst .
Ethereum (ETH):
Currently around $2,552, showing a ~1.6% drop in the past 24 hours .
Market sentiment remains neutral, with a Fear & Greed index hovering around 55/100 .
Major flows include significant institutional ETF inflows into BTC; ETH has lagged slightly in momentum but remains tied to overall market tone .
š§ Market Sentiment & Drivers:
Neutral to mildly positive sentiment across crypto markets: indicators suggest āwaiting for a clear breakoutā in BTC .
Geopolitical concerns, particularly in the Middle East, as well as macroeconomic uncertainty, continue to influence crypto volatility .
The broader crypto market cap stands at approximately $3.4āÆtrillion, with ~90 of the top 100 coins trading down recently .
āļø Key Insights for Binance Traders
Whale activity: Some large BTC holders moved funds off Binance during the recent rally . Watch for potential accumulation or distribution signs.
Technical setup: RSI (~55) remains neutral; MACD is trending bullish. Dips toward $105Kā$108K are seen as potential entry zones .
Trading strategy:
ā Buy on dips near support ($108Kā$105K).
ā ļø Set stop-losses just below the 50-day EMA (~$104K).
šÆ Take partial profits near resistance areas ($109.5Kā$112K), and consider trimming into $116K if momentum stays strong .