Bitcoin hits a new high! Is this time really different?

Bitcoin hits a new high! Is this time really different?
Bitcoin hits a new high! On July 11, BTC broke through $117,000 in one fell swoop, completely igniting market sentiment. Shorts were completely defeated, and 230,000 investors were liquidated within 24 hours, losing $541 million, of which 89% were short orders-this market is simply rubbing shorts on the ground!

But this rise is different from the past.

🔥 Why is Bitcoin so strong this time?
Institutions buy frantically: Bitcoin spot ETFs such as BlackRock and Fidelity continue to attract money, with net inflows exceeding $1.44 billion in 2025. What's even more exaggerated is that listed companies buy directly-143 companies around the world have hoarded 850,000 BTC, worth $95.3 billion! MicroStrategy alone holds 576,000 bitcoins and makes a fortune!

Expectations of Fed rate cuts: The market is betting that the Fed will cut interest rates this year, the dollar is weakening, and funds are pouring into Bitcoin for risk aversion.

Regulatory relaxation: Hong Kong, the EU and the United States are all promoting cryptocurrency compliance. The Trump administration even plans to establish a "national cryptocurrency reserve" to make institutions feel more at ease entering the market.

📈 Technical side: Can it rise again?
Breaking through key resistance: Bitcoin has stabilized at $112,000, the daily level "ascending triangle" breakthrough has been confirmed, MACD golden cross, RSI healthy (not overbought).

Next target: $120,000! But if it falls below $107,000, it may face a correction.

Be careful of high leverage: The current market is dominated by futures, and the spot/derivatives trading volume ratio is only 0.07. Once it pulls back, it may trigger a chain of liquidations!

⚠️ Risk: Don't be blinded by FOMO (fear of missing out)!

Short-term overbought: H4 level RSI has reached 72 and may pull back at any time.

Policy variables: If the Fed postpones the rate cut or the situation in the Middle East worsens, BTC may fall to $55,000!

Regulatory uncertainty: Global policies have not yet been unified, China still bans cryptocurrencies, and the problem of stablecoin reserves has not been completely resolved.

🚀 Operational suggestions: How to operate?
Radicals: Buy when it falls back to around $110,500, with a target of $120,000 and a stop loss below $107,000.

Conservatives: Wait until it stabilizes at $117,500 before chasing the rise, or wait until it falls back to the support level before entering the market.

Long-term holding (HODL): Institutions are hoarding coins, why are you panicking? But don't bet all in, keep some bullets to deal with black swans!

🎯 Conclusion: The bull market continues!
This wave of Bitcoin's rise is driven by institutions + policies + liquidity. Unlike the retail carnival in 2017 and 2021, this rise is more sustainable. But the market will not only rise but not fall, and it may fall back in the short term. Don't use high leverage!

Remember: make money in a bull market and make money in a bear market. Don’t be afraid of missing out (FOMO), and don’t be greedy. Only by surviving can you get the next wave of dividends! 🚀

(PS: If you haven’t bought it yet, don’t worry, wait for a pullback before buying it. There are always opportunities in the market, but if the principal is gone, it’s really gone!)