Technical analysis by AndyHopkins about Symbol BTC: Buy recommendation (7 hour ago)

Market Environment: Interwoven Bullish and Bearish Factors for BitcoinBullish Drivers Supporting Price Growth1.U.S. Policy and Institutional InvolvementThe Trump administration’s plan to establish a Bitcoin strategic reserve, coupled with the Vice President’s public endorsement, has lured financial giants like BlackRock and Goldman Sachs into the market. With institutional holdings now exceeding $78.8 billion, the massive influx of capital provides robust support for Bitcoin’s price.2.Safe-Haven Demand Amid Economic UncertaintyAgainst the backdrop of global economic instability and expectations of Federal Reserve rate cuts, Bitcoin’s "digital gold" safe-haven attributes have come to the forefront. In inflation-ravaged countries like Argentina, citizens are frantically hoarding Bitcoin for wealth preservation, significantly boosting market demand and driving prices higher.Bearish Risks and Investor Caution1.Policy Volatility and Economic UncertaintiesFluctuating U.S. tariff policies, disappointing inflation data, and an unclear economic outlook have made investors wary of risk assets like digital currencies. The sharp price decline on May 30 was largely driven by these factors, which collectively triggered a shift in market sentiment.2.Technical Resistance and Market PsychologyBitcoin has rebounded to the 105,000–106,000 range, but the 106,000–107,000 zone represents a significant resistance level. A decisive breakthrough above this range could open the door to targets of 108,500–110,000.Positive Impact of Hong Kong’s Stablecoin Ordinance- Short-Term: The ordinance is expected to boost market sentiment and capital inflows, driving short-term Bitcoin price gains.- Long-Term: The synergistic effect between stablecoins and Bitcoin will reshape the digital financial infrastructure, solidifying Hong Kong’s position as a global crypto-asset hub.Key Price Levels and Trading Implications- Current Range: $105,000–$106,000 (rebound support).- Critical Resistance: $106,000–$107,000 (bullish breakout threshold).- Upward Targets: $108,500–$110,000 (if resistance is breached).Trading Note: A sustained close above $107,000 would strengthen bullish momentum, while rejection at resistance could lead to a retest of lower support levels. Investors should monitor institutional fund flows and policy developments in Hong Kong and the U.S. to gauge trend sustainability.Today's BTC trading strategy, I hope it will be helpful to youBTCUSDT BUY@104000~105000SL:103000TP:106000~107000