Key Bullish Drivers

Technical Strength:

BTC broke above the $84K resistance, confirming a bullish ascending triangle on weekly charts.

RSI trends upward without overbought signals, supporting further upside.

Institutional Demand:

Spot Bitcoin ETFs (like BlackRock’s IBIT) continue absorbing supply, fueling scarcity.

Macro risks (rate cuts, inflation) boost BTC’s appeal as a hedge.

On-Chain Confidence:

Long-term holders are accumulating (rising MDIA metric).

Exchange reserves remain near historic lows, limiting sell pressure.

My Trade Plan

Entry: $84,735 (break of consolidation with rising volume).

Targets:

86200

86,200(near−termresistance),88,500 (Fibonacci extension), 92K–92K–95K (cycle high).

Stop Loss: $84,071 (below 4H 50 EMA and key liquidity zone).

Risk Rules:

Risk ≤2% of your portfolio.

Trail stops after hitting $86,200.

Watch Fed policy, ETF flows, and CPI data for shifts.