🗓️ May 12, 2025 — Bitcoin (BTC) has soared past the $105,000 mark, reaching an intraday high of $105,705, driven by renewed optimism after the United States and China agreed to a significant 90-day reduction in trade tariffs. 🔗
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📈 Market Reaction
The crypto market reacted quickly to the news. Bitcoin's price spiked alongside a 17.8% jump in trading volume. Ethereum (ETH) gained 2.7% to nearly $2,600, while XRP and Solana (SOL) rose 2.17% and 1.6%, respectively.
The positive vibes extended to Wall Street — U.S. stock futures jumped, with the Nasdaq-100 up 3.5% and the S&P 500 set for a strong open. 📊📈
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🔍 Technical Outlook
Bitcoin breaking above $105K is a bullish sign. 📉 The 50-day EMA at $103,818 acted as a solid support level. If BTC holds steady above this, the next targets are $106,750 and $107,300. 🎯
⚠️ However, caution is advised — the CMF (Chaikin Money Flow) is showing a bearish divergence. A potential drop could occur if buying momentum weakens.
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💬 Market Sentiment
Investor sentiment remains bullish. 📢 The Long/Short Ratio is 1.07, showing more long positions. BTC call option demand is also climbing — many traders are betting on even higher prices. 💰📊
Still, some analysts suggest staying alert. The rally is powered by a temporary trade deal, and upcoming economic data (like inflation reports) could quickly shift momentum. 📉📉