Market Overview
Bitcoin recovered from $98K weekly low to $107K amid fading geopolitical tensions. Technical indicators show strength with positive MACD and 100% bullish RSI accuracy rate. BlackRock's $1.15B purchase and $226.37M ETF inflows highlight institutional confidence, while regulatory developments in South Korea and Bhutan's $200M BTC reserves signal growing adoption.
Key Drivers & Trading Outlook
• Institutional Activity: Major accumulation by BlackRock and Metaplanet exceeding Tesla's holdings
• Technical Position: Leveraged Long-Short Ratio at 35.36 showing aggressive positioning
• Price Targets: Resistance at $109K and $111K; mid-term $125K; year-end $150K-$200K
• Upcoming Catalyst: $40B options expiry on June 28 could drive volatility
Community Sentiment
Binance Square shows 74.75% bullish sentiment despite regulatory and quantum computing concerns. Trading discussions focus on:
• Crypto Strategy: Analyzing $107K stability and stablecoin inflows
• BTC Bounce: Support levels and demand zones
• Long Signal: Potential retests following the dip
Traders should monitor $107K support and ETF flows ahead of June options expiry.#earnandlearn #Write2Earn #Write2Earn! #Write2Earrn #write2earn🌐💹 $BTC $BNB