**🚀 Bitcoin Hits $104,665: Post-May 5th Rally Breakdown**
*Binance Square Exclusive | May 11, 2025*
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### **📅 Timeline: May 5–11 Surge**
- **May 5**: BTC **$97K** 📍
- Stablecoin inflows hinted at breakout.
- **May 7**: Broke **$97,895** 🎯 (resistance → $100K target).
- **May 8-9**: Smashed **$100K** 🚀 (+6% daily to $104K).
- **May 11**: Stabilized at **$104,665** (RSI 75.05 ⚠️).
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### **💥 Key Drivers**
1. **Policy Wins 🌐**:
- **U.S.-UK Trade Deal** (May 8) eased tariffs → 6% BTC pump.
- Trump’s **“BTC Reserve Plan”** boosted confidence.
2. **Institutional Rush 🏦**:
- BlackRock ETF inflows hit **$40.33B**; MicroStrategy +620 BTC.
3. **Market Dominance 💰**:
- BTC dominance **65%**; crypto cap **$3T** (Binance stablecoin inflows).
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### **📊 Technical Triggers**
- **Golden Cross ✅** (May 6): 50/200-day MA crossover → bullish signal.
- **Cup-and-Handle Breakout** 🥤: Target **$107K** → next **$120K**?
- **Volume & RSI**:
- 24h volume **$45.08B** (+50%) | RSI **75.05** (overbought but strong).
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### **🎯 Altcoin Action**
- **ETH**: +24% → **$2,050** (May 8).
- **SOL/ADA**: +20-30% post-May 7.
- **BNB**: Steady rise → **$236K by 2050**? 🌠
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### **⚠️ Risks Ahead**
1. **Correction Alert**: RSI >75 → possible dip to **$94K**.
2. **Regulatory Delays**: Stablecoin law uncertainty.
3. **Leverage Danger**: **$1.2B** liquidations (high volatility).
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### **🔮 What’s Next?**
- **Bull Case** 🐂: ETF inflows + macro trends → **$120K-$150K by Q4 2025**.
- **Bear Case** 🐻: Overbought RSI → **10-15% correction**.
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### **📌 Trader Tips**
- Set **stop-losses** near **$100K**.
- Track **CPI data** & Fed updates.
- **DCA** > FOMO!
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**🚨 Final Note**: Celebrate gains, but stay sharp!
🌟 **#Bitcoin❗ | #BullRunAhead #TradeSmart | #BinanceSquare
*Crypto = High risk. DYOR. Not financial advice.*
