$BTC

Bitcoin starts Monday at $109,100, edging 0.8 % higher on the day after oscillating between $107,847 and $109,732 during the Asian-European session handover. Price is hugging the 20-day EMA ($106,211) yet remains well above the 50-day EMA ($103,110), 100-day EMA ($98,807) and 200-day EMA ($93,092), preserving the medium-term up-channel that began in April. Immediate support sits at the $104 k–106 k congestion zone; a breakdown there exposes the $95 k–97 k accumulation pocket near the 100-day average. On the topside, bulls must clear psychological resistance at $110 k. A daily close above that level would activate the next measured move toward $114,500 and, if momentum accelerates, the $125 k extension flagged by multiple TradingView strategists. Volume remains modest (-18 % versus the 30-day mean), hinting at a coiled market awaiting a catalyst. Bollinger bands are tightening, reinforcing the breakout setup.    

Market sentiment is tilted bullish. The Crypto Fear & Greed Index prints 66 (“Greed”), down one point from yesterday but still elevated, reflecting growing appetite for risk as U.S. macro data softens and ETF inflows resume. Options skew has flattened toward neutral, suggesting sellers of downside protection are relaxing, while social volume around “#BTC115K” trends upward. That said, seasoned desks describe positioning as “cautious long”—open interest climbed only 2 % over the weekend—and remind traders that greed readings in the mid-60s often precede whipsaws. Expect headline-driven spikes around Wednesday’s FOMC minutes and Friday’s non-farm payrolls; until then the path of least resistance remains firmly higher, provided $104 k holds.