BTC Bullish Structure Intact – Eyes on CPIBitcoin is currently consolidating near the $105K region after a strong breakout above previous resistance. The structure remains bullish with clear higher highs and higher lows intact. The ideal re-entry zone for a high-risk-reward setup is between $99K–$100K, aligning with key support and the previous breakout level. If price dips into that zone, it could offer a prime opportunity for long entries.
🔸 Key Support Zone at 99K – 100K:
This region offers the best risk-reward re-entry opportunity if market revisits it. Orders are already placed accordingly.
🔸 Upside Target: 110k+
Breakout from the current consolidation is expected to push price toward 110K+, possibly extending into the 115K–120K range forming the final leg of the cup & handle pattern.
🔸 Outlook:
Watching CPI release on June 11 – a major macro event that could induce short-term volatility. Expect potential fakeouts or shakeouts around that day. Maintain core holdings and place additional bids around the 99–100K zone in case of CPI-driven dip
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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.