DeGRAM | BTCUSD fixed above the $104,000 level📊 Technical Analysis
● Bulls twice defended the 103-105 k demand and purple trend-line, turning the zone into a springboard; price also reclaimed the inner grey trend-median, preserving higher-lows in the 7-week rising channel.
● A fresh ascending triangle is coiling under 111 k; pattern height projects to the red 112-115 k supply/channel roof once 111 k gives way, while invalidation rises with the trend-line at 103 k.
💡 Fundamental Analysis
● CoinShares reports a third straight week of spot-ETF inflows (+US$1 bn) and the BTC exchange reserve just printed a new 3-year low, signalling supply squeeze. Meanwhile, ISM manufacturing slipped back below 50, cooling U.S. yields and the DXY and reviving crypto appetite.
✨ Summary
Long 104-106 k; triangle break >111 k targets 112 k → 115 k. Bull view void on a 16 h close beneath 103 k.
