The cryptocurrency market remains cautiously optimistic as Bitcoin (BTC) continues its gradual ascent, eyeing the critical $110,000 mark. With strong institutional backing and favorable technical indicators, BTC could be gearing up for another significant move.

Market Snapshot: Institutional Demand Remains Strong

🔹 ETF Inflows Stay Robust: Bitcoin ETFs have absorbed over $13.5 billion in year-to-date investments, now accounting for nearly 70% of gold ETF inflows—a testament to BTC’s growing appeal as a store of value.

🔹 Big Players Keep Accumulating: Asset management giants like BlackRock (IBIT) now hold roughly 700,000 BTC, reinforcing long-term confidence. Additionally, reports suggest the U.S. is considering a "Strategic Bitcoin Reserve," further validating BTC’s role in global finance.

Technical Outlook: Can BTC Break Through $110K?

Immediate Resistance: The $109,000–$110,000 zone is the next hurdle. A decisive breakout could propel BTC toward $110,500–$110,600, where the Supertrend indicator sits near $110,174.

Key Support Levels:

🔹 Nearest support at $108,300 (EMA)

🔹 Secondary cushion at $107,800–$108,000

🔹 Stronger downside protection at $105,000

Momentum Indicators:

🔹 RSI hovering around 58 (neutral)—no immediate overbought/oversold signals.

🔹 MACD flattening near the zero line, suggesting waning bearish pressure and potential consolidation before the next leg up.

Price Action Scenarios:

🔹 Bullish Case: If BTC sustains above $108,300 and breaks $110,000 with strong volume, the uptrend could accelerate.

🔹 Bearish Risk: Failure to hold $108,000 may trigger a pullback toward $107,000–$108,000, testing trader patience.

Trading Strategy: Key Entry & Exit Points

✅ Short-Term Sell Opportunity:

🔹 SELL Zone:$109,500–$110,000

🔹 Take Profit:$108,000

🔹 Stop Loss:$110,400

✅ Buy on Dips Strategy:

🔹 BUY Zone:$108,200–$108,500

🔹 Take Profit:$109,500–$110,000

🔹 Stop Loss:$107,800

Final Thoughts

Bitcoin remains in a mild uptrend, with institutional inflows and technical structure supporting further gains. Traders should watch $110,000 closely—a clean breakout could open the door for a stronger rally, while rejection may lead to a brief retracement.

DYOR No Financial advice!

Stay sharp, trade smart!🚀

$BTC

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