$BTC ๐STRONG BULLISH MOMENTUM ๐
๐ BTC Market Snapshot
Current Price: $110,950 USDT
24h Volume: $2.02 Billion USDT
Trend: Bullish continuation with consolidation risk near ATH breakout zone
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๐ Technical Analysis
Support Levels:
$108,800 โ $109,300 (recent retest zone)
$106,500 (key structural support)
Resistance Levels:
$112,000 (psychological barrier)
$114,500 โ $116,000 (next breakout zone)
RSI (14D): 68 โ Approaching overbought but not extreme
MACD: Strong bullish momentum, histogram widening
Moving Averages:
BTC trades above 20/50/100 EMA โ bullish alignment
20 EMA sloping upward, indicating strong short-term trend
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๐งญ Short-Term Trading Strategy
๐น Scalping (Intraday)
Entry: $110,000โ$110,300 (on minor dips)
Targets: $111,500 โ $112,000
Stop-Loss: Below $109,300
Risk/Reward: ~1:2 (tight stops recommended due to volatility)
๐น Swing Trade (1โ3 Days)
Breakout Entry: On confirmed close above $112,000
Targets:
TP1: $114,200
TP2: $116,000+
Stop-Loss: Close below $109,000
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๐ Market Sentiment
Bullish Bias
Institutional demand via ETFs remains strong (June saw $4.48B inflows)
Traders expect breakout continuation toward $116K and new ATH by July
Derivatives show long-heavy bias with moderate funding rates
โ ๏ธ Risk Assessment
Whale Activity: Distributions near $112K could trigger pullbacks
Macro Risk: CPI/Fed tone or geopolitical shocks could disrupt trend
Leverage Risk: Open interest is high โ potential for short-term flushes
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โ Disclaimer
This content is for educational purposes only and not financial advice. Crypto trading is highly volatile. Use proper risk management and do your own research (DYOR) before investing.