$BTC
📊 Bitcoin (BTC) Trading Signal – July 16, 2025 (Binance‑style)
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🔍 Market Context
Live Price: ~$117,421 (intraday range: $115,930–$118,330)
ETFs & Institutional Demand: Spot Bitcoin ETFs have attracted ~$52.3 B since January 2024, with ~$14.8 B inflows YTD—fueling whales accumulation and pushing price to new highs over $123K on July 14 before pulling back to ~$117K–$118K .
Macro & Regulatory Catalysts: Crypto Week in the U.S. and evolving legislation (e.g. GENIUS Act, CLARITY Act) are sustaining institutional momentum .
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📈 Technical Picture
Chart Patterns: Bull flag breakout confirmed in early July; projected 30% upside to ~$140K–$134K .
Key Levels:
Support: $118,500–119,000; next strong zones at ~$117K and $110K–115K .
Resistance: ~$123K–123.5K (recent ATH).
Indicators: RSI signals mild overbought but still bullish; MAs across 50/200-day exhibit a golden cross; MVRV suggests further upside room before overextension .
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🎯 Trade Strategies
Trade Type Entry Condition Stop Loss Targets
Swing / Position Buy on dip near $118K–119K $115,000 TP1: $123K → TP2: $134K → TP3: $140K
Momentum Play Breakout above $123K (volume-confirmed) $121,500 $126K → $130K
Defensive Short Breakdown & close below $117K $118,500 $115K → $110K
