$BTC

Bitcoin Market Outlook

Bitcoin is currently trading around $109,000 and approaching a key resistance level at $110,500, supported by over $1 billion in institutional inflows over the past 48 hours.

Potential for Bullish Continuation

Trading volume is steadily increasing

Technical indicators such as MACD and Bollinger Bands suggest strong upward momentum

A confirmed breakout above $110,500 could lead to further gains toward $113,900 and potentially $123,500 during the summer

Trading Strategy for Today

Monitor for a clear breakout above $110,500

Consider a long entry with a stop-loss set below $107,000

Pay close attention to this week’s CPI report, which may significantly influence price action

Is Bitcoin preparing for its next upward move? Share your thoughts.