$BITCOIN BULLISH BIAS AS CRYPTO CORRELATION REMAINS STRONG
BI continues to show a bullish structural bias, supported by its high correlation with major crypto assets such as ETH (75%) and SOL (67%), confirming that crypto market momentum remains the primary driver. At the same time, its low or negative correlation with Brazilian indices (BOVV11, IMAB11) and weak correlation with the Dollar highlight BITI11’s role as a diversification and risk-on asset within a portfolio. This setup favors upside continuation when the crypto market stays strong.
Key Levels (Technical View):
Current Price: near recent consolidation zone
Support: previous demand zone / recent pullback low
Resistance: recent swing high / breakout zone
As long as price holds above support, the structure favors buyers, with resistance being the next decision point for continuation.
Trade Setup (Long):
Entry: Near support / pullback confirmation
Targets (TP): TP1 at recent high, TP2 at next breakout extension
Stop-Loss (SL): Below key support to protect against trend failure
The correlation data reinforces confidence: when crypto leads, BITI11 follows. Stay disciplined, respect your risk, and trust the process — growth comes from informed decisions and steady execution. Keep moving forward with clarity and confidence
