Market Snapshot
• BTC is trading at $118,773, after a recent high of $123,218
• Strong consolidation phase with bullish indicators despite a 3.6% pullback
• Key support at $102K, resistance at $124-125.5K
• Pin bar formation indicates rejection of lower prices (Market Momentum)
Rally Catalysts
• ETF inflows in the second quarter: $12.4 billion (ETF Impact)
• Corporate treasuries added 125,000 BTC
• Approval of the CLARITY Act reduced regulatory concerns (Regulatory Changes)
• Warning signs: sale of 80,000 BTC by a whale, decline in BTC dominance (66.42% → 63.14%)
Trading Strategy
• Watch for consolidation patterns near the $102K support
• Short-term targets: $123.5-125K; long-term: $135K+ for the third quarter
• Risk management: increase positions on dips towards $115K
• Community sentiment: 84.8% bullish (Community Outlook)
Maintain a positive bias while exercising caution at resistance levels to achieve optimal entry/exit points.
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