📊 Bitcoin Analysis: Latest Trends and News 🔥
Bitcoin is currently trading around $109,139.1, after fluctuating between $107,761.0 and $109,676.5 over the past 24 hours. A moderate bullish trend has been observed since yesterday, with a notable rebound of +1.2% from yesterday's levels at this time. Trading volume remains strong, particularly between 5 AM and 10 AM this morning. 😎
🗞️ Key News
1. Standard Chartered's optimistic forecast: The bank anticipates $BTC to reach $135,000 in Q3 and could climb to $200,000 by the end of the year, driven by ETFs and institutional demand. 🚀
2. Positive Net Flows for BTC ETFs: Last week, BTC spot ETFs recorded a net inflow of $770 million, marking the fourth consecutive week of positive inflows. 💰
3. Whale Alert: A 14-year-old dormant address containing 80,000 BTC (worth ~$86.9 billion) has reactivated, creating potential selling pressure on the market. 🐋
4. Macro Context: Trump announced the sending of "tariff letters" starting July 7, with an additional 10% tax for countries aligned with BRICS policies. This geopolitical uncertainty could impact the markets. 🌐
5. Technical Signals: Formation of a golden cross on the 4-hour chart, suggesting a possible continuation of the rise. However, daily volume remains moderate, requiring a breakout to confirm the move. ⚡
💡 Outlook
Analysts remain generally optimistic for this week, with particular attention paid to the psychological resistance at $110,000. Recent US employment data temporarily reversed expectations of a rate cut in July, but paradoxically, Bitcoin responded well. Institutional momentum continues to support the market despite some notable short positions such as that of Kyoyo (840 BTC).
