📊 Technical Analysis
● Fresh bounce off the confluence of the 8-month up-sloping purple trend-line and 102-103 k green demand box prints a higher-low inside the rising wedge, keeping bulls in control despite June’s pull-back.
● Price is reclaiming the minor down-trend line from the 12 Jun high; a daily close above 106 k confirms a bear-trap and unlocks the 111.8-112.5 k supply at the wedge cap.
💡 Fundamental Analysis
● Spot-ETF desks absorbed >5 400 BTC in the last three sessions while exchange reserves fell to a four-year low, signalling supply drain.
● Cooling US PCE expectations trimmed real yields, and Mt Gox repayment delays ease overhang fears—both supportive for risk assets.
✨ Summary
Long 102–104 k; hold above 106 k targets 111.8 k → 115 k. Bull thesis void on a 16 h close below 99 k.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
● Fresh bounce off the confluence of the 8-month up-sloping purple trend-line and 102-103 k green demand box prints a higher-low inside the rising wedge, keeping bulls in control despite June’s pull-back.
● Price is reclaiming the minor down-trend line from the 12 Jun high; a daily close above 106 k confirms a bear-trap and unlocks the 111.8-112.5 k supply at the wedge cap.
💡 Fundamental Analysis
● Spot-ETF desks absorbed >5 400 BTC in the last three sessions while exchange reserves fell to a four-year low, signalling supply drain.
● Cooling US PCE expectations trimmed real yields, and Mt Gox repayment delays ease overhang fears—both supportive for risk assets.
✨ Summary
Long 102–104 k; hold above 106 k targets 111.8 k → 115 k. Bull thesis void on a 16 h close below 99 k.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Trade active
📊 Technical Analysis
● BTC is lifting off the 102–103 k demand box and purple long-term trend-line, reclaiming the June descending ridge; price now challenges 109 k resistance where the grey wedge-roof meets a former supply flip.
● A 16 h close above 109 k turns the wedge into a continuation pattern, projecting toward 115 k—also the April high and top of the magenta trend fan.
💡 Fundamental Analysis
● ETF inflows and four-year-low exchange reserves signal steady spot absorption, while softer US real yields and Mt Gox delay keep macro pressure muted.
✨ Summary
Buy 104–106 k; hold above 109 k aims 111.8 k then 115 k. Bias void on 16 h close below 99 k.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Trade closed: target reached
The forecast has reached +6%, let's look at further price movement potential today.
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.
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.