đ˘ Bitcoin Market Update đ°
⢠BTC Price: $110,209 (+32% YTD), consolidating between $110,811â$113,360 with strong $110K support.
⢠Market Cap: Surpasses $2T, with BTC dominance at 58.14%.
⢠Sentiment: 74.38% of Binance traders remain bullish despite sideways action.
Key Drivers
⢠Fedâs easing policies support risk assets, including crypto.
⢠Institutional demand grows as BlackRock invests $400M.
⢠Restaking protocols expand Bitcoinâs utility.
⢠Analysts split: some expect sub-$100K by year-end, while Bitwise projects $1.3M by 2035.
Trading Outlook
⢠Critical levels: Support at $110K, resistance at $113,360.
⢠Indicators mixed: Bearish MACD vs. neutral RSI.
⢠Whales accumulating in $110â112K zone despite net outflows.
⢠Strategy: Scale positions at support, take profits near resistance, prioritize risk management.
