$BTC Hey Binance Square crew! 🚀 Today we are going to talk about #BTC in a fresh and cool way. Right now Bitcoin is trading near 104,860 USD, slightly down after hitting an intraday top of 108,376 USD, while the floor was 103,081 USD.

In May we saw a brutal rally that took BTC to historic highs near 112,000 USD, driven by institutional flows and a weakened dollar. April and May were top months: the spot bitcoin ETFs received net inflows and the crypto market in general skyrocketed.

But watch out, not everything is pure paradise. Today Bitcoin lost key support at 106,235 USD, and some analysts ⚠️ point to the risk of a correction towards 102,500–103,200 USD if it doesn't find support soon. However, in the long term, many continue to bet on its rise: possible targets of 137,000 USD or new levels of up to 180–250 k USD by the end of the year are even being mentioned.

There's also the macro move: the Fed and soft inflation data are weakening the dollar, which benefits BTC — and it has already bounced back from around 107,000 USD when a softer CPI was released.

What to take from all this?

The upward trend remains strong, with institutional momentum and favorable macro conditions.

Possible correction: if it doesn't hold around 106 k, we could see a bounce from 103 k or even 100 k.

Watch out for the volatility swing: the RSI and Bollinger Bands indicate that we might be at an inflection point.

💬 And what would you do? Long hold, scalping in ranges, or take advantage of the dip to stack more satoshis? Tell me your moves to see if we connect before the next rally 🔥

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