🟢 $BTC /USDT – Bullish Momentum Continues
#BTC/USDT update based on today’s price of $118,465: BTC remains on solid ground, showing continued upside pressure. After clearing the $116,800–$117,000 range, the next leg could challenge $121,000–$122,000, assuming sustained buying.
📊 Trade Plan:
Entry Zone: $117,500 – $118,200 (near intraday support)
Stop Loss: Below $116,500 (a dip below could signal a shift)
Target 1: $121,000 (short-term resistance)
Target 2: $122,000+ (if momentum holds)
🔍 **Key Drivers Behind the Move:**
Massive inflows into spot Bitcoin ETFs — nearly $15B+ this month — fueling bullish sentiment .
Institutional demand surges amid U.S. legislative tailwinds and “Crypto Week” developments .
On‑chain trends show declining long‑term holder selling and rising corporate treasury accumulation .
⚠️ Trade & Risk Management:
1. Avoid chasing — wait for price to retrace into the entry zone.
2. Use a tight stop-loss below $116,500 to cap risk.
3. Consider scaling into Target 1 and trailing stops toward Target 2.