📊 Bitcoin is currently trading around $107,400, following a steady climb from the $99,500 low a few weeks ago
Here’s what’s happening:
1. **Options Expiry Ahead:**
Over $40 billion in Bitcoin options will expire soon. This often leads to short-term volatility—or a sudden breakout .
2. Momentum Slows Near $109K–$111K:
BTC is facing resistance in the $108K–$111K range. A break above could trigger significant upside .
3. **Consolidation Phase Plays Out:**
After hitting an all-time high around $112K in May, Bitcoin is now consolidating between $100K–$110K. Charts suggest we may be nearing the end of this phase .
🔮 What Should You Do?
Watch the $109K–$111K zone closely—if it breaks, bulls may push toward a new ATH near $120K.
But beware potential pullbacks around options expiry.
As always, manage risk: trade with stop-losses and don't overleverage.