📌 Price Action Breakdown:

  • 4% surge to 107K∗∗(nearATH)before∗∗rejectionto107K∗∗(nearATH)before∗∗rejectionto103K—classic $BTC volatility.

  • Key support: $100K psychological level now critical.

💡 What Triggered the Move?
1️⃣ Macro Hopium:

  • U.S.-China tariff truce (90-day pause) boosted risk assets.

  • Traders betting on regulatory clarity from Trump’s crypto task force.

2️⃣ Stablecoin Bill Hype:

  • "Genius Act" hits Senate this week—could be first pro-crypto stablecoin law.

  • Senator Hagerty: "This will make history."

⚠️ Why the Pullback?

  • Liquidity hunt: Whale games around $107K liquidity pool.

  • Pre-FOMC caution: Markets still wary of Fed/yield risks.

🔍 On-Chain Clues:

  • Exchange reserves dropping = HODL mode intensifies.

  • Deribit OI spikes at $110K+ calls—big money expects upside.

🎯 Next Catalysts:
✅ Stablecoin bill progress (watch Senate this week).
✅ Trump crypto task force leaks (any pro-BTC signals?).
✅ Macro stability (if yields calm, BTC resumes uptrend).

📊 Trading Tip:

  • Buy dips near $100K if volume supports.

  • Break past $107.5K could trigger FOMO rally to ATHs.

🔥 Bottom Line: Bitcoin’s playing the macro-regulatory waiting game—but the setup remains bullish long-term.

#Bitcoin #BTC #Stablecoins #GeniusAct (Data as of May 19, 7:30 AM ET)

$BTC

$ETH