BTC May Extend Rally as ETF Flows & Policy Support Push Higher

28 Jul

📊 Market Overview:
• Bitcoin trades around $118,660, rebounding from lows near $114,500 earlier this week after a sharp decline. Strong inflows into BTC and ETH ETFs are bolstering market sentiment
• Regulatory clarity via the Genius Act, Clarity Act, along with the U.S. Strategic Bitcoin Reserve, is fueling institutional interest
• High-profile corporate Bitcoin purchases, such as by Trump Media, underscore growing adoption and bullish sentiment in crypto treasuries ________________________________________
📉 Technical Analysis:
• Key resistance: $119,500 – $120,500
• Key support: $115,000 – $114,500
• EMA 09 (H1): Trading above EMA09, indicating short-term bullish bias
• Candlestick / Volume / Momentum:
• BTC is consolidating within a range of $115K–$119K, prepping for potential breakout
• Indicators like RSI and MACD show positive momentum
• At 1-hour chart, a double bottom around $118,950 signals buyer strength near dips
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📌 Outlook:
Bitcoin is likely to continue rising in the short term, particularly on a push through $119,500–$120,500. ETF inflows and regulatory tailwinds remain supportive. However, a breakdown below $115,000 may indicate short-term bearish risk toward $112,000.
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💡 Trade Setup

🟢 BUY BTC/USD: $115,500 – $116,500
🎯 TP: $119,200 → $120,000
❌ SL: $115,000
🔴 SELL BTC/USD: $120,500 – $121,000
🎯 TP: $119,000 → $118,000
❌ SL: $121,500

29 Jul

Dagangan aktif

Bitcoin is likely to see modest gains in the short term if it holds above $118,000 and breaks through $119,200 – $119,500. A break of $118,000 may signal further downside toward $117,500 or lower.