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

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

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

💣 As a result, over $1 billion in liquidations occurred across the network in the past 24 hours,

with shorts accounting for $570 million, the worst hour saw liquidations of $415 million😱

📉 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 clearly leans towards "futures-driven," rather than spot following, not dominated by large institutions

📊 Technical analysis: BTC reaching all-time highs, is $120K just around the corner?🚀

📍 Current price: BTC breaks all-time highs, soaring to the $118,000 range

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

📊 Key technical indicators:

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

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

- If a pullback occurs, the first support is at $110,000, which is the top of the previous consolidation zone

Summary: Although there is a short-term demand for a "breather," the overall trend remains bullish, unless it significantly loses $108K, otherwise the bull market structure remains unchanged🐂