$BTC
๐ BTC Price Snapshot
โข Range: $105.9Kโ$108.7K
โข Now: ~$106K (๐ป ~2%)
โข 50โday MA at record high, but momentum slowing โ ๏ธ
โข Resistance: ~$111K | Support: $104.5Kโ$106.5K
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๐ Key Market Drivers
1๏ธโฃ Macro Trends
โข Cool CPI (+0.1%) โ brief rally
โข Weak $USD (โ9.1% YTD) โ bond yields = ๐ช & ๐ช bullish
2๏ธโฃ Institutional & ETF Power
โข ETFs: $132B (up from $91B in April) ๐ผ
โข MicroStrategy keeps stacking ๐ฐ
3๏ธโฃ Big Bullish Bets
โข Targets: $200Kโ$230K by year-end ๐ฏ
โข Long shots: $1.5M (2030), $3M long-term ๐
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โ๏ธ S/R Zones
โข ๐ก๏ธ Support: ~$106K โ $104.5K
โข ๐งฑ Resistance: $108.3K โ $110Kโ$111K
โข Breakout above = eyes on $112Kโ$137K ๐
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๐ฏ Outlook
โข Short-term: Range-bound ($106Kโ$110K)
โข Mid/Long-term: $200K+ possible w/ ETF inflows & macro tailwinds ๐
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๐งญ Strategy Tips
โข Traders: Watch $108Kโ$110K for breakout โก
โข Investors: Long-term path to $200K+ gaining traction ๐
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