Bitcoin / TetherUS
Long
Aktualisiert

DeGRAM | BTCUSD held the $ 107k level

318
📊 Technical Analysis
● After clearing the Feb-Apr supply (105.7 k-108 k), price has twice retested it as support, printing successive higher-low wicks and locking the purple trend-line as a launch pad.
● The advance is tracking the mid-line of a rising channel; the swing structure sketches a fresh ascending triangle whose projection aligns with the red 114–115 k ceiling at the channel roof.

💡 Fundamental Analysis
● BTC spot ETFs absorbed another ≈4 600 BTC this week while CME open-interest hit a 6-week high, signalling renewed institutional accumulation despite softer US data and a retreating DXY.

Summary
Buy 106-109 k on pull-backs; triangle break above 111.5 k targets 114 k then 115 k. Bull view invalidated on a daily close beneath 105 k.

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Snapshot
📊 Technical Analysis
● Pull-backs keep bouncing off the 108.7 k–109 k demand strip and the channel mid-line, shaping a falling-wedge/handle that compresses under the short-term trend-line; such patterns normally resolve in trend direction.
● OBV rises while price drifts sideways, hinting at absorption before a measured move to the 114 k-115 k ceiling at the upper rail.

💡 Fundamental Analysis
● CME BTC futures basis widened to 10 % annualised after U.S. consumer-confidence and Richmond-Fed misses lowered rate-cut timing, softening USD head-winds and inviting fresh leveraged longs.

Summary
Buy dips 108.7-109 k; wedge break >111 k targets 114 k → 115 k. Invalidate on 6 h close <105 k.

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