#套利交易策略 📈 Bitcoin surged again on Friday, breaking through $118K

👉 Due to a large amount of active buying, despite low funding rates, positions keep piling up

👉 BTC futures open interest has reached 707,000 BTC (about $82 billion)

💣 As a result, over the past 24 hours, the entire network experienced liquidations exceeding $1 billion,

with shorts accounting for $570 million, and in the worst hour, $415 million was liquidated😱

📉 Meanwhile, BTC ETF is actually declining

Although ETFs continue to attract capital, recent trading has stabilized, with net inflows exceeding $50 billion

→ The market rhythm is clearly “futures-driven,” rather than following spot, not dominated by large institutions

📊 Technical analysis: BTC has reached an all-time high, is $120K just around the corner?🚀

📍 Current price: BTC has broken the historical high, pushing up to the $118,000 range

🔼 Next target resistance: $120,000 psychological level; if the upward momentum continues, this will be the next stop for bulls!

📊 Key technical indicators:

- RSI has surged to 78, entering the overbought zone, short-term caution is needed for pullback risks

- MACD has continued to expand since the golden cross at the end of June, with green bars rising, momentum continues to strengthen📈

- If there is a pullback, the first support is $110,000, which is the top of the previous fluctuation zone

Summary: Although there is a short-term need to “catch a breath,” the overall trend remains bullish, unless there is a significant drop below $108K, otherwise the bull market structure remains unchanged🐂