🔸 Bitcoin remains the undeniable king of crypto, holding strong above the $100K threshold and currently trading at $105,561. With BTC dominance climbing to an impressive 63.74%, the crypto giant is not just surviving it's thriving. Analysts are eyeing the $120K milestone by the end of June, especially as hints of a potential Fed rate cut offer fresh fuel to the fire. Despite short-term fluctuations, institutional demand and growing regulatory clarity are keeping bullish sentiment intact.
🔸 The market is keeping one eye on Washington—after a recent White House announcement highlighting law and order, speculation of heightened regulatory pressure caused a brief Bitcoin dip of 1.2%. Yet, the lightning-fast recovery and continued upward momentum reflect a maturing market with increased resilience. Today’s 0.86% BTC gain and a fear and greed index sitting at a neutral 55 suggest cautious optimism.
🔸 Ethereum is making waves with a solid 1.23% daily gain, sitting at $2,513 as it builds on a spectacular 50% monthly surge. Though ETH hasn't reclaimed its previous all-time high, its strong rally and increasing DeFi activity continue to position it as the go-to smart contract platform. Combined with a more friendly regulatory outlook, Ethereum is poised for a potential breakout.
🔸 Among altcoins, TRON is stealing the spotlight with a 2.94% rally over the past 24 hours, outperforming
📊 Are Companies Really Adding Bitcoin to Their Balance Sheets?
Yes — several companies are beginning to integrate Bitcoin into their financial strategies.
Firms like MicroStrategy, Tesla, and GameStop have allocated a portion of their reserves to Bitcoin — not merely for headlines, but as a long-term strategic move. This shift is driven by:
24/7 global liquidity
Bitcoin's capped supply of 21 million, making it a potential hedge against inflation
Diversification beyond traditional low-yield assets like bonds
Attracting investor attention by adopting a forward-thinking asset
📉 But it’s not without risks. Market volatility, regulatory uncertainty, and accounting complexities are serious factors
Price has broken out of a descending structure and is testing the major resistance zone near $1.16. With multiple bullish CHoCH and BOS signals, momentum is building. If we get a clean breakout above this level, a strong long opportunity is in play.
Long Setup Details:
Entry: $1.15 – $1.14 Stop Loss: $1.085
TP1 – $1.18 TP2 – $1.22 TP3 – $1.30
Follow Your Risk Management Don’t Use More Than 5% Of Your Total Balance in a Trade