🔥🔥 Bitcoin opens the day near $118,200: calm, focus, and potential
📊 After touching $119,000, BTC has stabilized around $118,200. The key support remains at $117,000–$117,500.
🔁 A day with little movement in Asia/Europe, but focusing on the ETF bounce:
- 🔹 Inflows in spot ETFs continue strong: +$363 M today, bringing the streak to 12 days and a total of $6.6 B.
- 🔹 Institutional flow: BlackRock added another $496.8 M in IBIT just today.
🎯 Key intraday levels:
- Support: $117,000–$117,500
- Resistance: $119,000–$119,500 → breaking this would be a sign of a bullish resumption.
🎯 Optimistic projection: a breakthrough above $119,500 would trigger a rally towards $121K–$122K.
💡 The structure remains intact: institutional flow, solid ETFs, and firm support point to a prolonged rally.
Are you ready to rise strong this Saturday?
