Bitcoin Ranging Below $110k – Poised for a Breakout

8 Jul

📊 Market Overview:
Bitcoin is consolidating around $108–109k, reflecting indecision as investors await clearer signals. Institutional ETF inflows remain strong, and recent moves from 2011-era dormant wallets sparked concern but no major sell-off. Positive ETF news or supportive crypto policies could propel the next move upward.

📉 Technical Analysis:
• Major resistance: $109,500 – $110,500
• Nearest support: $108,000; secondary support at $102,000
• EMA09 (1 h): Price is above the 20 EMA and has reclaimed the 200 SMA on the 1 h chart, signaling a technical rebound
• Candlestick / Volume / Momentum: A mild bounce from $108k with low volume; Bollinger Bands show a mid-range price, hinting at sideways action .

📌 Outlook:
Bitcoin may remain range-bound between $108k and $110k. A breakout above $110.5k with strong volume could push toward $112k–115k. Conversely, a break below $108k might trigger a dip toward $102k.

Suggested Trading Strategy
SELL Bitcoin/USD at: 109,000 – 110,000
🎯 TP: 108,000 / 105,000
❌ SL: 110,800
BUY Bitcoin/USD at: 108,000 – 107,500
🎯 TP: 109,500 / 112,000
❌ SL: 107,000

8 Jul

Dagangan aktif

BTC is still in a short-term sideways range with no signs of a breakout yet.

9 Jul

Dagangan ditutup: sasaran tercapai

Bitcoin is still moving sideways in the 108K–109K range, reflecting market indecision after the recent rally. Buyers and sellers are in a tug-of-war, and a clear breakout — especially above 109,500 or below 107,800 — could signal the next direction. For now, the best strategy is to stay observant and wait for a confirmed signal.