🌟 BTC/USDT Breakout Mode: New Highs & What’s Coming Next! 📈

$BTC

Hey Square Fam! 😊 Bitcoin is buzzing—up above $118K, breaking past prior highs with fresh momentum. Let’s unpack what’s fueling this move and how you can tactically ride the wave!

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🔥 What’s Pushing BTC?

New ATHs: BTC recently surged to $116.8K–118K, marking fresh record highs this week—a 4% daily gain and 6% weekly bump .

Institutional Inflows: U.S. spot BTC‑ETFs raked in ~$1.18 billion just yesterday, marking six straight days of heavy buying . Total ETF assets have now eclipsed $137 billion AUM, underscoring deep institutional demand .

Macro Tailwinds: Expectations of U.S. Fed rate cuts in Q3, Trump’s pro-Bitcoin policies, and rising on-chain activity are forming a powerful bull synergy .

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📊 Technical Snapshot

Resistance breached: BTC cleared the $112K–116K range, a major short-term squeeze zone .

Support floors: $113K–$116K now acts as new support; critical backstops also at $110K (50‑day MA) and psychological $100K .

Bullish setups: MACD shows bullish crossover, RSI near overbought but still healthy; bull-flag patterns hint at potential extension toward $140K (30% upside) .

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🛠️ Trade Strategy for Square Fam

Strategy Entry Signal Targets Stop Loss

Breakout Long Sustained close above $118K on volume $120K → $135K → $140K Below $116K

Dip Buy Bounce off $113K–116K support Return to $118K → $120K Below $112K

Tactical Short Rejection at $120K with volume, high RSI Pullback to $116K Above $121K

🎯 Tip: Use tight stops and scale in on high-conviction candles. Watch volume closely—ETFs give strong support, but chunky inflows mean sudden moves.

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⚠️ What to Watch

Volume Scans: Keep tabs on BTC spot volumes—recently up ~24% globally, signaling demand strength .

On-Chain Cues: Dormant SATs waking up—2 long-dormant wallets (10K BTC each) moved recently; likely OTC sales, not dumps .

Macro Flex: U.S. rate decisions, trade policies, ETF flows—these headlines move BTC fast. Set alerts around Fed, CPI, and ETF updates.

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🔍 Final Take

Bitcoin’s weeks-long ascent, fueled by institutional ETF demand, macro tailwinds, and strong technicals, points to new highs in the $120K–140K range. The key lies in monitoring support near $116K—a firm floor means the trend is intact; a break could invite dips to $110K.

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Square Fam—this breakout action is real, and BTC’s chart looks primed for more fireworks. Share your entries and chart thoughts in chat—let’s ride it responsibly and with style! 💫