$BTC 📈 Fundamentals and Derivatives

• In pre-markets and reports, there is a noted growing institutional interest, especially in BTC/USDC and in futures .

• However, according to CryptoQuant data — indicators in derivatives show a weak bearish trend, but the premium on long positions remains positive — indicating underlying optimism .

• Funding Rate continues to remain positive, OI — around $33 billion, despite a decrease in activity .

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⚙️ Technical Analysis

• BTC is constrained by key SMAs: 100/50/200 at approximately $106,000–$106,400 — these are strong resistances .

• RSI around the middle (46–54) — neutrality, with no clear trend .

• The chart is forming a symmetrical triangle — a narrow range where a breakout is expected.

• Expected key levels:

• Support: $103,400 / $102,000

• Resistance: $105,500–$106,700 (EMA cluster), then $108,000–$112,000