$BTC

$BTC/USDT Epic Breakthrough! 120,000 USDT Barrier Broken! Is a New Bull Market Officially Starting?

Bitcoin has forcefully broken through the critical resistance level of 120,000 USDT today! This is the highest price level since 2025, marking the official entry of the market into a new bull market phase!

📈 Key Indicator Analysis:

• 24-hour trading volume surpassed 50 billion USDT, setting a new annual high

• Perpetual contract funding rate remains at a healthy level of 0.01%

• Exchange reserves continue to decline, with only 2.3 million BTC left

Technical Analysis:

- Weekly level forming a 'cup and handle' pattern, theoretical target of 150,000 USDT

- Daily MACD golden cross with volume, RSI remains in a healthy range at 65

- Key support: 115,000 USDT (previous high conversion point)

⚠️ Note:

Although the trend is strong, there may be a technical pullback in the short term. Will you choose to buy the dip, or wait for a pullback confirmation?

#BTC #Bitcoin #BullRun

(Data updated on: July 6, 2025, 18:00 UTC+8)