Bitcoin: rally meets resistance
Context
• April low: $74 000 → today’s high: $101 200 (+37 %)
• 90‑day pause on new US tariffs lifted risk assets; FOMC left rates at 4.25‑4.50 % with real yields still > 2 %
• Active conflicts in Ukraine, Gaza and the South China Sea keep macro‑volatility elevated
Flows
• US spot‑ETF complex: cumulative net inflow $40.7 bn, AUM $106 bn
• BlackRock’s IBIT: 15 consecutive inflow days, $6.96 bn YTD
• MicroStrategy: bought 15 355 BTC (~$1.42 bn) last week, now holds 553 k BTC
Technical focus (2‑hour chart)
• Price is 11 % above the rising trendline from 1 May
• Key confluence: $101 700 – $103 000 (0.27 Fib plus unfilled weekly supply)
• First support: $97 000 – $98 000; major demand: $92 000
• Mean‑reversion target if momentum breaks: $86 000
• Invalidation of pullback view: daily close above $103 500
Base case
60 % probability of a retest of $92–97 k before any sustained advance
30 % chance of a deeper wash to $86 k
10 % chance of a clean breakout through $103 k toward $109 k+
Takeaways
• Long‑only allocators: add on a confirmed weekly close above $103 k; risk below $98 k
• Swing traders: fade spikes above $102 k toward $97 k; tighten stops if daily > $103 k
• Spot accumulators: schedule bids at $92 k and $86 k; avoid chasing upside extensions
Educational commentary, not investment advice. Manage position size and respect stops.
Context
• April low: $74 000 → today’s high: $101 200 (+37 %)
• 90‑day pause on new US tariffs lifted risk assets; FOMC left rates at 4.25‑4.50 % with real yields still > 2 %
• Active conflicts in Ukraine, Gaza and the South China Sea keep macro‑volatility elevated
Flows
• US spot‑ETF complex: cumulative net inflow $40.7 bn, AUM $106 bn
• BlackRock’s IBIT: 15 consecutive inflow days, $6.96 bn YTD
• MicroStrategy: bought 15 355 BTC (~$1.42 bn) last week, now holds 553 k BTC
Technical focus (2‑hour chart)
• Price is 11 % above the rising trendline from 1 May
• Key confluence: $101 700 – $103 000 (0.27 Fib plus unfilled weekly supply)
• First support: $97 000 – $98 000; major demand: $92 000
• Mean‑reversion target if momentum breaks: $86 000
• Invalidation of pullback view: daily close above $103 500
Base case
60 % probability of a retest of $92–97 k before any sustained advance
30 % chance of a deeper wash to $86 k
10 % chance of a clean breakout through $103 k toward $109 k+
Takeaways
• Long‑only allocators: add on a confirmed weekly close above $103 k; risk below $98 k
• Swing traders: fade spikes above $102 k toward $97 k; tighten stops if daily > $103 k
• Spot accumulators: schedule bids at $92 k and $86 k; avoid chasing upside extensions
Educational commentary, not investment advice. Manage position size and respect stops.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.