📊 Technical Analysis
● BTCUSD has bounced from confluence support at 112.3k–114.8k, reclaiming the ascending support line and validating the lower boundary of the rising triangle.
● Price action suggests a bullish continuation setup with targets at 119.9k and extension to the upper resistance near 122.5k–125k.
💡 Fundamental Analysis
● US labor data slowdown and dovish Fed commentary have pulled real yields lower, boosting crypto demand.
● Glassnode reports ongoing whale accumulation and rising stablecoin inflows, signaling positive capital rotation into BTC.
✨ Summary
Long above 114.8k. Targets 119.9k → 122.5k+. Setup invalidated on a break below 112.3k support.
-------------------
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● BTCUSD has bounced from confluence support at 112.3k–114.8k, reclaiming the ascending support line and validating the lower boundary of the rising triangle.
● Price action suggests a bullish continuation setup with targets at 119.9k and extension to the upper resistance near 122.5k–125k.
💡 Fundamental Analysis
● US labor data slowdown and dovish Fed commentary have pulled real yields lower, boosting crypto demand.
● Glassnode reports ongoing whale accumulation and rising stablecoin inflows, signaling positive capital rotation into BTC.
✨ Summary
Long above 114.8k. Targets 119.9k → 122.5k+. Setup invalidated on a break below 112.3k support.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Trade closed: target reached
Closed +7%
90% accuracy in telegram
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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.
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.