#BTC110KToday? 🔥 **BTC/USDT: Bulls Eye $110K as Momentum Builds**

🧠 Overview

Bitcoin has jumped ~50% since April lows and is consolidating between $107K–$110K, with bulls setting sights on a breakout above $110K amid macro tailwinds.

📊 Key Drivers

1. **Options & Expiry**

- ~$20B in options expire soon, with calls ($11.2B) outweighing puts ($8.8B). A push above $108K–$110K could trigger strong upside momentum.

2. **On‑Chain & Macro Support**

- On‑chain transfer volume is down ~32% since late May, yet MVRV trends point to a late bull‑cycle phase.

- Fed’s dovish tone and sustained ETF inflows add further support.

3. **Technical Setup**

- A daily bull‑pennant pattern targets ~$165K once BTC clears $110K.

- Strong support holds in the $104K–$106K range.

⚠️ Risks

- Stuck between $100K–$110K; failure at $110K may lead to a test of $105K.

- Low exchange liquidity increases risk of sharp corrective moves.

✅ Takeaway

Bitcoin’s setup is bullish, with catalysts aligning toward a potential breakout. However, with volatility and liquidity risk high, users should research carefully, manage leverage, and tread cautiously.