Bitcoin Trading Thesis – February 11, 2025

🔹 Current Price: $98,402
🔹 Action: OPEN LONG (Buy BTC)
🔹 Target: $100,500 📈 | Stop-loss: $96,500
🔹 Confidence Level: 85% ✅

Why is BTC Looking Bullish?
✅ Market Sentiment: Strong financial & order book indicators suggest bullish momentum.
✅ Technical Signals: RSI & MACD show upward momentum, signaling a potential breakout.
✅ Derivatives Data:

Funding Rate: Positive ➝ Traders paying a premium to long BTC.
Open Interest: 76,854 BTC ➝ High participation in futures, supporting bullish activity.
✅ Order Book Imbalance: Increased buy pressure from large market orders.
Key Scenarios
📊 Bullish Case (Higher Probability)

If BTC holds above 98K, strong momentum could push it to $100,500 🚀.
Breaking $100K could trigger FOMO buying and push prices even higher.
📉 Bearish Case (Lower Probability)

If BTC fails to hold 97K, it could retest $96,500 support before another move up.
A break below $96,500 would invalidate the bullish thesis.
Trading Strategy
🔹 Entry: Look for pullbacks near 98K for better positioning.
🔹 Stop-loss: Tight risk management at $96,500.
🔹 Target: First take profit at $100,500, reassess for further upside.

💭 Will BTC finally break $100K, or will it pull back first? Drop your thoughts! 👇