**๐ Bitcoin Hits $104,665: Post-May 5th Rally Breakdown**
*Binance Square Exclusive | May 11, 2025*
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### **๐ Timeline: May 5โ11 Surge**
- **May 5**: BTC **$97K** ๐
- Stablecoin inflows hinted at breakout.
- **May 7**: Broke **$97,895** ๐ฏ (resistance โ $100K target).
- **May 8-9**: Smashed **$100K** ๐ (+6% daily to $104K).
- **May 11**: Stabilized at **$104,665** (RSI 75.05 โ ๏ธ).
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### **๐ฅ Key Drivers**
1. **Policy Wins ๐**:
- **U.S.-UK Trade Deal** (May 8) eased tariffs โ 6% BTC pump.
- Trumpโs **โBTC Reserve Planโ** boosted confidence.
2. **Institutional Rush ๐ฆ**:
- BlackRock ETF inflows hit **$40.33B**; MicroStrategy +620 BTC.
3. **Market Dominance ๐ฐ**:
- BTC dominance **65%**; crypto cap **$3T** (Binance stablecoin inflows).
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### **๐ Technical Triggers**
- **Golden Cross โ ** (May 6): 50/200-day MA crossover โ bullish signal.
- **Cup-and-Handle Breakout** ๐ฅค: Target **$107K** โ next **$120K**?
- **Volume & RSI**:
- 24h volume **$45.08B** (+50%) | RSI **75.05** (overbought but strong).
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### **๐ฏ Altcoin Action**
- **ETH**: +24% โ **$2,050** (May 8).
- **SOL/ADA**: +20-30% post-May 7.
- **BNB**: Steady rise โ **$236K by 2050**? ๐
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### **โ ๏ธ Risks Ahead**
1. **Correction Alert**: RSI >75 โ possible dip to **$94K**.
2. **Regulatory Delays**: Stablecoin law uncertainty.
3. **Leverage Danger**: **$1.2B** liquidations (high volatility).
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### **๐ฎ Whatโs Next?**
- **Bull Case** ๐: ETF inflows + macro trends โ **$120K-$150K by Q4 2025**.
- **Bear Case** ๐ป: Overbought RSI โ **10-15% correction**.
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### **๐ Trader Tips**
- Set **stop-losses** near **$100K**.
- Track **CPI data** & Fed updates.
- **DCA** > FOMO!
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**๐จ Final Note**: Celebrate gains, but stay sharp!
๐ **#Bitcoinโ | #BullRunAhead #TradeSmart | #BinanceSquare
*Crypto = High risk. DYOR. Not financial advice.*
