$BTC

📅 1. Evolution in the last 5 days

• Currently trading at ≈ $107,349, intraday range between $106,934 and $108,146  .

• In the last week, it has moved between $98,200 and $109,000, with a descending channel/triangle formation since the highs of late May .

• Important levels: rebound after falling to $98,200 (June 24) and recovery above $105–107k (yesterday and today) .

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🛠️ 2. Technical analysis

📌 Chart pattern: Descending channel / bearish wedge

Bitcoin is consolidating within a bearish channel or descending wedge, characterized by progressively lower highs and lows, with touches at $109k (resistance) and $100k (support) .

🔍 Highlighted indicators

• Stochastic at 75–85 → strength zone, approaching overbought .

• Positive MACD and bullish crossover → renewed buying momentum .

• Moving averages: price above MA5/20/50 and much higher than 100/200 → bullish bias .

• RSI ~56 → neutral, with room to rise before overbought.

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🌍 3. Fundamental analysis

• Geopolitics: de-escalation in the Middle East boosted risk appetite and rebound from $98k .

• Institutional: capital flows into ETFs and corporate purchases remain strong, indicating professional support .

• Macro: expectations of interest rate cuts in the U.S. and weak economic data favor Bitcoin .

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🗞️ 4. Key news in the coming weeks

• Macro reports from the U.S.: retail sales, jobless claims, and upcoming FOMC can move the dollar and, by extension, BTC .

• Continuation of institutional flows: ETF and corporate purchases will continue to influence.

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🎯 5. Entry strategies based on patterns

A) Bullish breakout from wedge/descending channel

• Entry: daily close ≥ $108,200 with increased volume.

• SL: just below $106,900.

• TP1: $109,500–110,000 → TP2: $112,000 (ATH).