Since May 22, Bitcoin (BTC) has been trading in a narrow range of 5%, between $106,600 and $111,700, despite major bullish announcements, such as that of #Trump Media, which plans to raise $2.5 billion through stocks and bonds to adopt a BTC treasury strategy.

This pause in bullish momentum comes as U.S. stock markets continue their rebound, with the S&P 500 up 22% since the April lows. Bitcoin, for its part, seems to have anticipated this rally by entering a consolidation phase earlier, while the stock index remains 4% below its historical highs from February.

#Bitcoin appears ready to continue between $106,000 and $112,000 in the short term, with bullish breakout potential if stock markets reach new highs.

Major altcoins ($ETH , $SOL ) remain under pressure as long as their technical resistances are not surpassed.

A breakout above $115,000 on $BTC BTC, supported by a rotation of capital towards altcoins, could trigger a new multi-asset bullish phase.