$BTC
๐ฃ $BTC Trade Signal โ July 12, 2025
๐ Market Overview
Price Action: Bitcoin recently reached new all-time highs (~$118.7K) this week, driven by major ETF inflows and expectations of a U.S. Fed rate cut in September .
Technical Patterns:
Cupโandโhandle breakout pattern has emergedโhistoric bullish signal .
Ascending triangle and bullโflag formations suggest potential continuation toward $135K .
Sentiment & OnโChain: Exchange reserves are shrinking as long-term holders accumulate, indicating a supply squeeze .
Macro Tailwinds: U.S. legislation (GENIUS/CLARITY/AntiโCBDC acts) and political crypto-launch support are boosting confidence .
๐ Trade Signal (Today)
Entry Zone: $117,700 โ $118,200 (above consolidation breakout)
Stop Loss: $116,500 (below 0.5 Fib & 4โhour VWAP support)
**Take-Profit Targets:**
TP1: $120,000 (first major roundโnumber breakout)
TP2: $123,500 โ $125,000 (extension toward July upper range)
Aggressive TP3: $134,000 โ $135,000 (bullโflag measured move target)
Trade Setup:
1. Wait for clean entry above $117.7K โ $118.2K confirmed by volume surge.
2. Monitor RSI/ MACD โ strong bullish readings (~75 RSI, MACD expanding) support upside .
3. Scale out at TP1 and trail the rest using a break-even stop or higher upon TP hit.
Risk Management:
Use tight stop at $116.5K to cap drawdown.
Should price dip below stop, reassessโlook for reโentry only once above $117K.
Be cautious as overbought conditions might prompt short-term pullbacks.
โ Summary
Bitcoin is in a strong bullish phase, confirmed by chart breakouts, shrinking exchange supply, and institutional backing. As long as $116.5Kโ$117K holds, the path to $120K+ remains likely. Today's trade offers a strong risk-to-reward setup with clear exit levels. Be disciplined on stops and targets.
๐ Take advantage of this momentumโbut trade smart!
