#BTCReclaims110K


🚀 #BTCReclaims110K — Bitcoin has reclaimed the $110K milestone, and momentum is building fast.

📈 Price Action: BTC surged to $110,529 before a minor pullback to ~$109,200. The $108K–$110K zone now acts as a key support range.

💸 ETF Inflows: On July 2, U.S. spot Bitcoin ETFs saw a massive $408M net inflow, led by Fidelity’s $183M—signaling renewed institutional demand.

📊 Technical Outlook:

BTC is holding above the 7 EMA ($109,764) and 25 EMA ($109,571), showing bullish structure.

RSI is near overbought, suggesting strong momentum but caution for exhaustion.

Key resistance: $110,545 → $112K → $115K

Support: $108,740 → $107,770 → $106,685

💥 Short Squeeze Alert: If BTC hits $111K, over $15.76M in short positions could be liquidated—fueling a potential breakout rally.

🧠 Smart Strategy:

Ladder entries between $108.5K–$109.9K

Use stop-loss below $107K

Trail profits above $110.5K

📌 Sentiment: 80%+ bullish. But volume confirmation is key—watch for fakeouts if volume fades.

💡 Pro Tip: Don’t chase green candles. Let the market come to you. If BTC clears $112K with volume, $120K–$130K could be next.

$BTC

#CryptoNews #BTCUSDT