📈 Market Overview & Technical Analysis (as of July 8, 2025)
Trend & Momentum
TradingView’s BTC/USDT gauge shows a Strong Buy signal on daily, weekly, and monthly timeframes.
RSI remains neutral-to-bullish, signaling momentum building toward the $110K resistance.
**Key Levels (4‑Hour Chart)**
Resistance: $109,500–$110,500 — multiple rejections noted
Support: $108,000–$108,600 — ranging bounce zone confirmed
Breakdown below $108K may trigger a dip toward $107K, while a breakout above $110K could lead to **$112K+**.
Fundamentals & Macro Drivers
Spot BTC ETFs continue to see inflows (~$4.5B in July), underlining institutional demand.
Meanwhile, U.S. geopolitical policy (tariffs, strategic Bitcoin reserve) may inject further volatility.
Bitcoin dominance exceeds 65%, echoing market consolidation and cyclical rotation.
🍃 24‑Hour Trading Plan
✅ 1. Range Trade Strategy
Buy near $108,200–$108,600 support, targeting $109,200–$109,500
Stop‑loss below $108,000 to manage risk
⚠️ 2. Upside Breakout
On clean break & close above $110K, go long for a move toward $112K
Watch volume—strength above previous resistance confirms breakout
🛑 3. Downside Breakdown
If price drops below $108K, short toward $107K, with stop just above $108.6K
Be cautious: macro headlines (tariffs, reserve news) remain a wildcard
💡 4. Scalp Setup
Use 15-min chart entry near $108.7K–$109K, tight stop (~0.2%) and take‑profit $109.7K)
Comment your strategy and why!
⚠️ Disclaimer
I’m not a financial advisor. This analysis is for educational purposes only.
Always DYOR (Do Your Own Research), choose a strategy that fits your risk tolerance, and never invest more than you can afford to lose.
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