#MyCOSTrade

#MYCostTrade | BTC Outlook – June 3, 2025

Bitcoin is currently trading at $105,799, showing mild strength after dipping to the $103K zone earlier this week. Bulls are trying to reclaim the $106K level, but resistance remains strong near $106.5K.

🔹 My Trade Strategy

I entered long at $104,200 after price bounced off a key support level. My short-term target is $108,000, with a stop-loss at $101,500. Risk/reward is favorable, especially with option markets heating up and institutional buyers stepping in again.

🔹 Why I Took This Trade

Strong dip buy zone held (historical support)

Increased institutional activity (Strategy added 705 BTC)

Positive sentiment from options market (120K strike interest rising)

🔹 Risks to Watch

Breakdown below $101K could trigger a move to $93K

Macro uncertainty (Fed policy, inflation data)

📉 If BTC fails to hold above $105K by mid-week, I may reduce my position and wait for re-entry closer to $100K.