btc's been holding up nicely in this ascending channel, sitting around $108,950 after that clean break above $100k. the structure looks solid - we've got those higher lows intact and buyers keep stepping in at the channel support. that dormant wallet story yesterday with 80k coins moving barely made a dent, which shows real conviction at these levels.
we're consolidating in the $107k-$109k range, and it feels like we're coiling up for the next move. the rsi setup is pretty healthy too - btc's sitting around 56-57 while the heatmap average is at 54.20. that's right in the sweet spot where we've got momentum without being overbought. weekly rsi at 58 gives us plenty of room to run.
what's interesting is the altcoin rotation starting to heat up. bonk and tia are pushing overbought while xlm, trx, hbar, and aave are all sitting strong between 60-70 rsi. this risk-on behavior in alts usually means traders are getting confident about btc's next move. they're positioning ahead of what they think is coming.
resistance sits at $110k - the big psychological level plus upper channel boundary. support is solid around $107k with deeper backing at $106.7k where those 1.68 million addresses are holding. below that, we'd probably drift to $105k.
for a bullish setup, we need $110k to break with authority. a clean close above there should trigger a run toward $112k-$113k, maybe even that $115k target if the inverse head and shoulders plays out.
for a bearish setup, losing $107k decisively would probably mean a pullback to $105k. breaking $105k would be more concerning and might signal deeper correction back toward $100k-$102k.
the institutional flow is still there - blackrock accumulating, corporate treasuries buying, regulatory environment couldn't be better. technicals support higher prices and altcoin behavior suggests continuation.
my take? bullish with tight risk. using $107k as my line in the sand since it's held multiple times. if we break $110k cleanly, i'm adding to longs targeting $113k-$115k. until then, holding core positions and letting this channel play out. momentum's there, fundamentals are there, and everything's lining up nicely. 
Negative Funding Rate Coins: VIC / SOON / CUDIS / CVC /
Market RSI: 54.15
Economics: None of note.