🚀 Bitcoin’s Wave Pulse: Riding the Bullish Impulse! 🌊
Hey Binance Square family! Bitcoin recently soared to $123k, but now it’s consolidating—potentially gearing up for the next powerful wave. Let’s explore the Elliott Wave setup, macro backing, and what you can do next 👇
📊 Wave & Technical Breakdown
Elliott Wave Impulse in Play
BTC/USD has formed an impulsive wave structure from the $105k low, and we’re now deep into Wave 5, possibly nearing sub-wave (v) 📈. Short-term targets sit between $125k–$127k .
Forming a Higher Low
The recent dip to ~$118k created a potential “rising low” along the bullish bias line. RSI showed oversold signals, hinting at a rebound and a re-entry into the impulse trend .
Momentum Gauges Strong
MACD, PPO, and RSI remain bullish on both daily and lower timeframes—suggesting sustained upside momentum .
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🌍 Macro & Institutional Support
Record ETF Inflows & Institutional Buying
Bitcoin ETFs saw massive inflows (~$3.4–$3.7 billion in early July), while futures open interest hit all-time highs ($57 billion) .
Regulation & Corporate Demand
The ongoing “Crypto Week” in Washington and rising corporate allocations (e.g., MicroStrategy adding ~$470M worth) are fueling optimism .
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🎯 Price Zones & Trade Playbook
💲 Zone 📌 Significance 🛠 Strategy
$118k–$120k Rising low support + mid-Wave 5 base 🟢 Buy the Dip: Entry zone with SL ~ $116k
$123k–$124k Near all-time highs / impulse wave target 🟡 Add or Scale: Watch for clean break above $123k
$125k–$127k Wave 5 extension target 🟢 Take Partial: Lock gains, trail stop
$130k+ Stretch target if bullish pivot holds 🟣 Aggressive Add on breakout with volume
Below $118k Invalidation of Bull Count 🚫 Reassess & hedge/trim if momentum shifts
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✅ Binance Square Summary
Bitcoin is in the later stages of a bullish Elliott Wave structure—Wave 5 may extend to $125k–$127k, possibly higher. Institutional flows and positive macro-news give extra fuel to this leg.
Entry: $118k–$120k (stop sub $116k)
Add: Break above $123k with volume
Target: $125k–$127k, trail towards $130k+
Invalidation: A clean dip below $118k calls for caution
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🎉 Final Thoughts
This is a high-conviction bull wave setup: clear structure, strong momentum, and macro tailwinds. Keep entries disciplined, watch your stops, and enjoy the potential ride! 🛡️
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