odailyupdate

$BTC Odaily Planet Daily reports that Markus Thielen, founder of 10x Research, posted on X platform stating that Bitcoin has currently broken above the 7-day and 30-day moving averages. The short to mid-term trend remains bullish, with a 1.1% gain over the past week. Institutional buying and large enterprises continuously increasing their Bitcoin holdings have further boosted market confidence. However, the historical trend of 'buy the rumor, sell the news' led to a brief consolidation in the market afterward.
Markus Thielen's analysis suggests that White House advisors hinted at upcoming important news regarding national strategic reserves, further strengthening the bullish sentiment in the market. With Bitcoin's dominance maintaining above 60%, some altcoins are quietly bottoming out under fundamental catalysts, particularly privacy coins and RWA infrastructure projects that are worth keeping an eye on.#OdailyUpdate $BTC #Daily

$BTC $BTC 📉 BTC VOLATILITY AT YEARLY LOW – MARKET AWAITS A CATALYST 📉

According to QCP Capital via Odaily:

🔹 Bitcoin is stuck in a narrow range
🔹 Implied volatility is cheap, but real volatility is even lower
🔹 Historical data shows volatility dips further before July

📊 Key Levels to Watch:

🔺 Above $110,000: Bullish Breakout

🔻 Below $100,000: Bearish Breakdown
Neither level has been breached, and no short-term catalysts are in sight.

📉 Despite strong U.S. jobs data pushing stocks up and gold down, BTC stayed flat, showing market fatigue.

💤 Signs of Slowdown:

Decreasing perpetual contract open interest

Slowing inflows into spot BTC ETFs

Options traders are rolling July calls to September, delaying bullish bets

📆 Until a new narrative emerges, BTC may remain in limbo.

WATCH: Is BTC gearing up for a quiet summer or a breakout move?
COMMENT: What’s your strategy in this chop zone?
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