$BTC 📈 Technical overview
BTC exited the bullish “flag” after a new high at ~$110,400.
Weekly levels:
Resistance: $112,000 — key high, after which the target is already $120,000–$125,000.
Support: $107,000 (correction) and $104,000–$105,000 (base demand zone).
🔍 Indicators and sentiment
Golden cross (50‑/200‑ma) confirms bullish trend.
RSI ≈ 62 — growth continues, but not yet overbought.
Volume on CME futures events increased by 18% — a sign of institutional interest.
🗓️ Weekly forecast
Base scenario: movement in the range of $104k‒$112k, testing $112k, with a possibility of a bounce to $120k in case of a breakout.
Optimistic scenario: breakout $112k → rapid growth to $120k–$125k.
Pessimistic scenario: pullback to $104k–$101k if $107k–$105k is not held.
🚦 What to watch on the chart
Closing the candle above $108k–$109k with volume — a signal for continuation of the rally.
RSI will remain within 60–70 — a comfortable range for growth.
CME futures volumes and ETF data — support for institutional trend (ETFs +132 billion AUM vs. 91 billion in April).
Macro: inflation data, employment, FOMC — could trigger 🔄.
✅ Recommendations for traders
Long: after confirmed close above $108k with volume, target $112k, then $120k.
Stop-loss: slightly below $105k (base zone).
Short: short position on a bounce from $112k without volume or a breakout below $105k — targets $104k and $101k.
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📌 Conclusion
This week 60–70% chance of continued growth to $120k–$125k, with a positive technical and macro backdrop. However, a potential correction to $104k should be considered.
Trading zone — $104k‒112k, with entry on breakout and confirmation.
