$BTC
BTC
95,465.5
-0.69%
Macro Update: The Battle for $100k Support – Fakeout or Launchpad? 🚀
Market View: $BITCOIN
BITCOIN
Alpha
0.044707
-1.97%
is currently consolidating in a tight range between $98,500 and $104,000. On the 4H chart, we see a "Bullish Pennant" forming. Institutional inflows via Spot ETFs remain positive, but the Funding Rate is slightly elevated, suggesting a brief flush of over-leveraged longs might happen before the next leg up.
Trading Setup:
Entry Zone: $99,200 - $100,500 (DCA on the dip)
Target 1: $108,000 (Local Resistance)
Target 2: $115,000 (Fibonacci Extension)
Stop Loss: $96,800
Sentiment: Cautiously Bullish 📈
CTA: Are you buying the dip or waiting for $90k? Let me know in the comments