Bitcoin reclaimed $97K for the first time in two months! 🚨🔥
A Supreme Court delay sparked a risk-on push, while $840M in spot ETF inflows reignited demand. This surge squeezed shorts, wiping out $275M and jumping market sentiment toward "Greed".
While the breakout looks strong, macro factors remain hot. PPI came in higher than expected (3% vs 2.7%), causing rate-cut hopes to fade. $BTC is currently range-bound ahead of the FOMC meeting in less than 2 weeks.
Market Outlook & Predictions 📈
Immediate Support: The price is currently holding near $96,657. Staying above the $96,000 level is crucial to maintain bullish momentum.
Bullish Target: If BTC establishes a firm foothold above the recent high of $97,924, the next major psychological resistance sits at the $100,000 mark.
Bearish Scenario: A failure to hold the current levels could lead to a retest of the daily low at $94,890 to gather fresh liquidity before the next move.
Until macro uncertainty clears, watch for a potential fakeout rather than a confirmed trend shift. 🛡️
