$BTC
📊 Market Snapshot
Price: ~$118,212 (holding near the $118K zone after rallying)
24‑Hour Range: $115,930 – $118,330
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🔍 Latest News & Technical Context
Consolidation phase: Bitcoin is stabilizing around $118K after a recent rally to ~$122–123K
Profit-taking signal: A “shooting star” candle and large miner outflows suggest short-term pressure; one of the highest realized profit days in 2025 (~$3.5B)
Support & resistance:
Support zones: $117K–$117.3K (20/50 EMAs & Fibonacci), with lower support at $115.4K and $115K
Resistance zones: $119K–$120.7K (sell-side imbalance), then $122K–$123K highs
Wave structure: HL-based Elliott wave suggests BTC may still be in the impulsive 5th wave, aiming for $126K–$155K
Analyst outlook:
Katie Stockton projects ~$135K following consolidation off $108K
Macro tailwinds from ETF inflows, halving cycle, and potential Fed dovish moves
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⏱️ Today’s Trade Blueprint (Square Format)
BTC/USDT | Binance | 16 Jul 2025
STRATEGY: Dip buy or breakout
BUY DIPS: $117,000 – $118,000
BREAKOUT ENTRY: $120,000 – $120,700
STOP‑LOSS: $115,000
TP1: $123,200 (+4%)
TP2: $130,000 (+10%)
TP3: $135,000 (+15%)
BIAS: Bullish │ Timeframe: 1–14 days
Dip Buy zone aligns with key support (20/50 EMAs & Fibonacci region)
Breakout Entry on sustained move above resistance (needs volume confirmation)
Stop-Loss protects downside if support fails
Targets:
TP1: Retest ATH at $123.2K
TP2: Strength momentum toward $130K
TP3: Mid-term rally to $135K per analyst outlook