📊 Technical Analysis
● Fresh bounce off the confluence of the 8-month up-sloping purple trend-line and 102-103 k green demand box prints a higher-low inside the rising wedge, keeping bulls in control despite June’s pull-back.
● Price is reclaiming the minor down-trend line from the 12 Jun high; a daily close above 106 k confirms a bear-trap and unlocks the 111.8-112.5 k supply at the wedge cap.
💡 Fundamental Analysis
● Spot-ETF desks absorbed >5 400 BTC in the last three sessions while exchange reserves fell to a four-year low, signalling supply drain.
● Cooling US PCE expectations trimmed real yields, and Mt Gox repayment delays ease overhang fears—both supportive for risk assets.
✨ Summary
Long 102–104 k; hold above 106 k targets 111.8 k → 115 k. Bull thesis void on a 16 h close below 99 k.
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● Fresh bounce off the confluence of the 8-month up-sloping purple trend-line and 102-103 k green demand box prints a higher-low inside the rising wedge, keeping bulls in control despite June’s pull-back.
● Price is reclaiming the minor down-trend line from the 12 Jun high; a daily close above 106 k confirms a bear-trap and unlocks the 111.8-112.5 k supply at the wedge cap.
💡 Fundamental Analysis
● Spot-ETF desks absorbed >5 400 BTC in the last three sessions while exchange reserves fell to a four-year low, signalling supply drain.
● Cooling US PCE expectations trimmed real yields, and Mt Gox repayment delays ease overhang fears—both supportive for risk assets.
✨ Summary
Long 102–104 k; hold above 106 k targets 111.8 k → 115 k. Bull thesis void on a 16 h close below 99 k.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
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🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.