Source: SmartCryptoTrader – EarnWith_guru
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1️⃣ Current Market Data
Asset Price 24h Change
BTC $118,764 +1.60%
ETH $4,220 +0.26%
XRP $3.18 +2.78%
BNB $802.37 +0.61%
SOL $181.39 +0.58%
DOGE $0.2324 +3.70%
ADA $0.8019 +0.53%
TRX $0.3403 +1.45%
AVAX $23.97 +0.89%
SUI $3.86 +1.50%
TON $3.32 +2.56%
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2️⃣ Key Highlights
BTC Hits August High: Price reached $118,760, nearing $119K.
$350M Liquidations: Weekend surge punished short positions (CoinGlass data).
Support Reclaim: $117,200 seen as critical weekly close level (Rekt Capital).
Short Squeeze Potential: +10% move could liquidate $18B in shorts (BitBull).
Near-Term Outlook: Possible Monday pullback before push above $120K.
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3️⃣ Technical Outlook – BTC
Metric Level Signal
Trend Bullish Higher highs, momentum building
Support $117,200 Key defense
Resistance $120,000 / $125,000 Breakout targets
Volume High Weekend-driven volatility
Liquidation Zone $130K+ Short squeeze trigger
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4️⃣ Sentiment Meter
🟢 Strong Bullish – Traders expect continuation if $120K breaks with volume.
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📌 Conclusion:
Bitcoin is entering the week with strong bullish momentum and the potential for a multi-billion-dollar short squeeze. While a small retracement may occur, technical and liquidity conditions favor a move to new all-time highs.
⚠ Disclaimer: For informational purposes only; not financial advice.
