Technical analysis by DeGRAM about Symbol BTC: Buy recommendation (5/7/2025)

📊 Technical Analysis● Price rocketed out of the $91 300 demand zone, snapping the 6‑month descending trend and converting the $99 500 former cap into support.● A tight bull pennant is forming just above that level; a decisive break targets the marked resistance level/supply band at $108 000. Long bias void below $93 300.💡 Fundamental Analysis● U.S. Treasury’s plan to boost quarterly bill issuance is flattening real yields and lifting non‑yielding assets.● Hong Kong’s new spot‑BTC ETFs amassed >$500 M AUM in two weeks, signalling fresh Asia‑Pacific demand and tightening offshore float.✨ SummaryPennant continuation above new support and expanding Asian ETF inflows argue for a push from $99.5 K to $108 K; protect longs if price closes under $93.3 K.-------------------Share your opinion in the comments and support the idea with a like. Thanks for your support!📊 Technical Analysis● Price broke a 6‑month falling wedge, reclaimed the 99 500–100 000 former ceiling.● The mid‑channel green line; holding this level keeps the next objective at the 108 000 supply / upper resistance level in play. Invalidation on a close back under 100 000.💡 Fundamental Analysis● First‑round 13F filings show major U S pension and hedge funds (e.g., Wisconsin Investment Board, Millennium) taking stakes in spot‑BTC ETFs, signalling deeper institutional adoption and shrinking tradable float.● Cooling U S PPI (2.4 % y/y) weighed on real yields, while Fed‑funds futures price two cuts before year‑end—both tail‑winds for non‑yielding Bitcoin.✨ SummaryExpanding institutional ETF ownership and softer yields back a push toward 108 K; protect longs below 100 K. -------------------Share your opinion in the comments and support the idea with a like. Thanks for your support!