After struggling for weeks amid uncertainties related to tariffs, Bitcoin has steadily risen since May as tensions in US-China trade have eased, coupled with a positive regulatory outlook. Risk sentiment continues to improve. On the other hand, Moody's has downgraded the US sovereign debt rating, prompting investors to seek alternative investments to the dollar. With the US facing a 'triple whammy' of stocks, bonds, and currency, safe-haven sentiment has warmed, pushing Bitcoin above $110,000 and setting a new historical high.

Today, Bitcoin remains bullish overall, with the candlestick chart showing a rounded bottom pattern. The bottom has seen consecutive strong bullish candles lifting prices, and the moving averages are turning upward. The bulls are inevitable, and the candlestick pattern is continuously collecting lower shadows at the bottom, indicating a bearish nightmare and a strong reversal upward. Today, we continue to look for bullish signals.

Buy between 111000-110500, targeting 112000-113000.