Hey Binance Square fam! Bitcoin is coiling near the $108Kâ$110K threshold, with major catalysts lining up for a potential breakoutâor a well-timed dip. Letâs unpack whatâs fueling this move, current chart structure, and actionable trade setupsâall Square-style đ
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đ Market Snapshot (as of July 6, 2025)
Price Range: Currently trading in the $108Kâ$109K zone, hovering just below its all-time highs (~$111.98K)
Volatility: Near 20-month lows as institutional inflows increase
ETF Flows & Reserves: Over $50B now in spot Bitcoin ETFs; US stockpiles at post-2018 lows (~14.5%)
OnâChain Buzz: Whales continue accumulatingâeven during periods of weak monthly gains
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đ Chart & Technical View
Range Play: Holding between $105K (support) and $109Kâ$110K (resistance)âsolid 4H ascending trendline tested multiple times
Confluence Zones:
đ˘ Support: ~$105Kâ$107KâSMA support, trendline touch, onâchain stability
đ§ Resistance: ~$109Kâ$110Kâpsych big round number, 2ndâ3rd SD barrier
Momentum Indicators: Neutral RSI (~47â58), mixed MACDâsuggesting indecision as BTC seeks direction
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đĄ Trade Setups for Every Approach
Strategy Entry Trigger StopâLoss Target Levels
đ Breakout Long 4H close above $110Kâ$111K + volume ~$109K $112K â $114K â $143K
đĄď¸ Range Rebound Bounce at $107Kâ$108K <$105K Peak range ~$109K â $110K
â ď¸ Breakdown Short Drop and close < $105K >âŻ$106K Return to $103K â $100K psychological
đŻ Pullback Long Dip near $105K + trendline bounce <$104K $110K â $112K
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đ§ Macro & Fundamental Tailwinds
Deep Institutional Flows: $1B+ ETF inflows in early July; $50B+ year-to-date
ETF Drivers: Continued ETF momentum can fuel broader alt-season moves
Global Favorability: Supportive macro backdropârate-cut expectations, pro-crypto U.S. policy, and strategic Bitcoin reserve push
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đĄď¸ Splendid Square Risk Guidelines
1. Shield your downside â Always set stop-losses near key structure points
2. Trim risk per trade â Stick to 1â2% of your account
3. Watch for confirmation â Use volume + candle close, not FOMO
4. Blend both onâchain & chart intel â They provide powerful context
5. Engage the community â Share your setups and questionsâSquare thrives on collaboration!
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đŽ Final Take
Bitcoin is locked in a strategic range, waiting for a decisive move. A clean breakout above $110Kâ$111K with volume could trigger the next leg toward the $114K zone and beyond. Alternatively, a deep pullback to $105K offers a low-risk entry path. The next few days will define the pathâwill you be gearing up for the breakout or loading up on the bounce?
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đŁ Square FamâOver to You!
Are you aligning long on breakout, rebounding in the range, or sitting patiently? Drop your chart screenshots, thoughts, or questions below. Trading smarter happens hereâtogether đŻđ