DeGRAM | BTCUSD formed the rising bottom📊 Technical Analysis
● BTC rebounded exactly at the purple long-term trend-line and green 102.5-104 k demand, reclaiming the 105-106 k support band; the old wedge cap is now acting as a floor.
● Price is coiling in a 16-h bull flag beneath 108 k; its 1.618 projection intersects the channel roof/ red supply at 111.6-115 k, while rising lows keep momentum pointed up.
💡 Fundamental Analysis
● U.S. spot-BTC ETFs attracted about $240 m of net subscriptions on 14 Jun, ending the outflow streak and signalling renewed institutional demand as exchange reserves slide to multi-year lows.
● Benchmark 10-yr Treasury yields are back under 4.45 %, easing dollar pressure and helping risk assets rebuild after the FOMC spike.
✨ Summary
Buy 105-106 k; flag breakout above 108 k targets 111.6 k → 115 k. Invalidate on a close below 101.8 k.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
