BTCUSDT SPOT
Long
Updated

DeGRAM | BTCUSD formed the triangle

453
📊 Technical Analysis
● Pullback has tagged the purple mirroring-support / channel median (≈101 K) and printed a hammer inside the green “optimal-buy” box, preserving the sequence of higher lows since 25 Apr.
● Price is coiling in a bull-flag beneath the inner resistance band 104 K; a 1 h close above it activates a measured move to the red 106.9-109 K supply at the channel roof.

💡 Fundamental Analysis
● BlackRock’s IBIT added a net ≈2 900 BTC in two sessions while exchange balances hit a 3-year low (CryptoQuant), signalling renewed spot absorption.
● US 2-yr yield slipped back under 4.70 % after softer Philly-Fed survey, tempering the dollar bid and easing funding costs for crypto leverage.

Summary
Buy dips 101-102 K; confirmation > 104 K targets 106.9 K → 109 K. Invalidate on a sustained break below 97.5 K.

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Trade active
snapshot
📊 Technical Analysis
● Rising channel intact—price just bounced off the purple trend-line / mid-rail near 101 K, keeping May’s series of higher lows alive.
● A compact flag is coiling beneath 104 K; a 4 h close above it projects a thrust to 106.9 K and the channel roof/109.6 K, while the 100.6 K green block is first support.

💡 Fundamental Analysis
● IBIT, FBTC and ARKB added >4 400 BTC this week (Bloomberg) as aggregate exchange balances slid to a 3-year low, underscoring spot absorption despite choppy macro.

Summary
Buy 100.6-102 K; flag breakout > 104 K targets 106.9 K → 109.6 K. Long bias invalidated on a daily close below 97.5 K.

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Trade closed: target reached
Closed +4.4%

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