🔍 In-Depth Technical Outlook:
✅ Current price: 104,968.61 USDT
📉 Slight decline of -0.26% in the last 24 hours, but the technical structure remains bullish in the medium term.
📊 General Trend:
After a significant correction from the peak of 111,980$ to the bottom of 74,508$ in March, BTC has started to show a strong ascending bottom at 97,365$, suggesting the formation of a new upward wave.
Current candles show consolidation above strong psychological support around 105,000$, with repeated rejections of dropping below.
📐 Nearby Resistances:
106,252$ (Highest Peak in 24 Hours)
111,980$ (Major Break Level - Upcoming Test)
📉 Effective Supports:
97,365$ (Strong Dynamic Support)
89,122$ (Strong Liquidity Gap)
🐳 Whale and Institutional Movements:
Trading platforms have recorded massive outflows of Bitcoin (Withdrawal Spike) in recent days, indicating that large investors (market whales) are storing BTC in cold wallets.
The explanation? Preparing for an upward wave or neutralizing selling pressure ahead of an upcoming U.S. financial announcement.
📉 Decreased supply on exchanges = Anticipated Buying Pressure.
📈 Also, the buy trade ratio is 98.97% = Clear Bull Control.
📜 Economic Factors and Securities Regulation:
The U.S. SEC continues to pressure a new ETF proposal from BlackRock, but there are leaks about a potential approval by mid-summer.
This could lead to billions of dollars from institutions flowing into the market, injecting new blood into the market.
💥 If a new ETF is approved, BTC could jump to 130K in weeks!
🧠 Methodical Reading of Price Location:
Range Percentage Change Evaluation
Year +57.20% ✅ Strong Uptrend
180 Days +0.47% ⚠️ Consolidation
90 Days +24.46% ✅ Positive Trend
30 Days +1.41% ⚠️ Slow Movement
7 Days +0.64% ⚠️ Neutral
Today -1.04% 🔻 Short-term Pressure
📌 The market is waiting for a break above 106,252$ to confirm the resumption of the uptrend.
📣 Summary: 🤔
✅ BTC is still in a medium to long-term structural uptrend, with clear signs of strong accumulation from whales.
🔥 Approaching a price explosion point after strong consolidation around 105K, breaking resistance will ignite the market.
🧨 The U.S. political and financial trend, along with talks of ETF and quantitative easing, makes Bitcoin a delayed time bomb ready to explode.
📍 Professional Recommendation:
✅ Conditional Buy if it breaks 106,250$ targeting 111,000$ then 113,800$.
🛡️ Stop Loss if the price closes daily below 97,000$.
🎯 Short Trader: Exploit the movement within the range of 97K–106K.