#TradingMistakes101
📈 Overview of the Current Situation
1. Price and Dynamics
— At the time of writing, BTC is trading around $107,900, up by ~1.6% for the day and has returned to highs around $108,000–$108,050 .
— There is stability in the range of $105,000–$108,000, supported by the interest of major players .
2. Fundamental Events
— Market participants have a positive outlook on the IPO of the crypto company Circle and the potential listing of Gemini on the exchange – this supports institutional demand for BTC .
— The focus is on the upcoming negotiations between the US and China, as well as the publication of key inflation data in the US on June 11–12; this may affect market sentiment.
3. Technical Analysis
— Signals from the 4-hour chart indicate a possible correction: RSI is falling, a pullback to $105,000–$106,000 or even $102,000 is possible if a breakdown occurs .
— However, there are also reversal signals – a strong breakout of resistance at $106,000–$108,000 could lead to new highs, up to $115,000 and above.
Consolidation or unclear rhetoric from the US/China.
🚶♂️ Consolidation $105,000–$108,000 Waiting for fundamental events (CPI, PPI, negotiations), minimal volatility in short periods.
