Bitcoin surpassed $119,000, driven by institutional flows, ETFs, and pro-crypto regulatory policies like the Genius Act and signals of Fed cuts. Its dominance reaches 65%, the highest level since 2021.

📊 Technically:

Key zones:

Support: $117,500–118,000

Resistance: $120,000–121,000

The futures premium is at a 3-month low and there is rejection at $118–119K.

🔵 Long Strategy:

Enter if BTC holds support above $117,500.

Targets: $120K, then $130–140K.

Stop loss: below $116K to limit risks.

🔴 Short Strategy:

Consider if BTC fails to close above $119K or breaks $117,500.

Initial target: $112K–115K.

Stop: above $121K.

📈 My opinion: I believe that with constant institutional inflow and greater regulatory clarity, BTC still has upside potential, especially if it breaks above $120K with strong volume. But watch out for technical retracements that present buying opportunities for the long term.

💬 Which do you see as more likely: bullish continuation or controlled correction?

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