๐ July 11 ยท BTC/USDT Spot Analysis โ Intraday Forecast
BTC just hit a fresh high at $113,800 and is now consolidating between $111,300โ113,800. The breakout from a descending channel confirms strong bullish momentum.
๐น Key Levels:
Support: $111,300 โ $111,000
Resistance: $113,800 โ $114,000 โ $120,000
Breakout Target (measured move): ~$146,000
โ๏ธ Indicators:
RSI: 65โ70 โ bullish, not overbought
MACD: still showing strong upside
Volume: declining on spot exchanges, but ETF inflows suggest institutional demand
โก Trader Playbook:
Long entries: on dips to $111,300โ112,000
TP Zones: $114K (partial), $120K (extension)
Stop-Loss: below $111K or $110.5K (tight)
A daily close above $114K opens the path to $120K, and possibly $130K+.
If BTC loses $111K, expect a potential retest of $107K or even $100K.
Want more accurate daily BTC forecasts with no fluff?
๐ Follow me and stay ahead of the market.
๐ฌ Share your setups below.
๐ Repost if you find this useful.
โ ๏ธ Disclaimer: This is not financial advice. Always DYOR and manage your risk.