🧭 Technical Summary: BTC/USDT
Based on the TradingView 4h, 1d, 3d and 1w chart, Bitcoin is trading around $109,689, after reaching an all-time high of $112,000 on May 21.
🔹 4h & 1d
On the 4h chart, a consolidation is observed between $107,000 and $110,000, indicating a possible accumulation before a significant move.
On the 1d chart, the upward trend is maintained, with important supports at $107,000 and $105,000.
🔹 3d & 1w
On the 3d chart, a continuation of the upward trend is highlighted, with a possible target at $115,000, according to Polymarket predictions.
On the 1w chart, resistance levels are between $109,588 and $110,000, according to Fibonacci extensions.DL NewsMedium
🔥 Liquidation Map – CoinGlass
According to the liquidation map on CoinGlass, there are significant liquidation levels around $105,000 and $110,000. These levels can act as support and resistance areas, influencing market volatility.
🔍 On-Chain Data – Arkham
On Arkham Intelligence, there is increased whale activity, with significant transfers to exchanges, indicating possible selling pressure. There is also an increase in active addresses, suggesting increased investor interest.
📰 Relevant News
Pakistan has allocated 2,000 MW for data centers and Bitcoin mining, highlighting growing institutional adoption.
Texas has approved the creation of a strategic Bitcoin reserve, solidifying the cryptocurrency’s position as a state asset.
JPMorgan now allows clients to purchase Bitcoin, marking a significant shift in traditional financial institutions’ stance on cryptocurrencies.
📈 Conclusion
The Bitcoin market is showing positive sentiment, supported by technical and fundamental factors. However, it is essential to monitor liquidation levels and on-chain activity to anticipate possible corrections or trend continuations.