Bitcoin Breaks Wedge! Correction Coming Before Next Leg?

The bitcoin spot ETF has seen net inflows for 20 consecutive days. BlackRock's IBIT has attracted more than $69 million in a single day, and the total inflow scale has exceeded $5 billion. The strong institutional allocation demand provides strong support for the price of bitcoin. The 4 - hour - level RSI (49) is approaching the neutral zone and shows a pattern of lower highs, indicating that the buying momentum is weakening. The MACD histogram remains negative, indicating short - term correction pressure. At the same time, the price has formed a double - top pattern near $105,000, and the Fibonacci resistance at $109,396 suppresses the upward space. Market expectations for a rate cut in June have cooled (with a probability of 65%). If the relevant economic data exceeds expectations, a stronger US dollar may suppress the price of bitcoin.
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