Bitcoin Breaks Above Prior Highs - What to Expect

Follow-Up Context:

• As published previously, long positions were initiated around the $100,000–$102,000 support zone (green fair-value band & 200 DMA).
  

Current Outlook & Targets:

1. Quarterly Premium 1 (Q-P1) at $121,283 – first profit-taking objective.
   
2. Quarterly Premium 2 (Q-P2) at $135,387 – secondary bullish target if Q-P1 flips to support.
   

Key Levels Recap:

• Support Held: $100 k–$102 k (fair-value confluence)
  
• Liquidity Sweep: brief wick below to capture shorts before rapid reclaim.
  

No new entry is suggested here – we’re tracking progress toward the listed premium zones.

ALGOUSDT – Spot Swing Trade Recommendation

ALGOUSDT – Spot Swing Trade Recommendation

• Reason: ALGO has formed clear bottoms on Weekly (W) and Monthly (M) charts, signaling the start of a long-term bullish cycle on the Monthly timeframe.
  
• Entry: Around current price ~$0.22.
  
• Strategy: Accumulate gradually—buy below $0.22; avoid adding positions above this price.
  
• Take Profit:
  

1. Based on W and M peak signals, or
   
2. Fixed price target above $0.80.
   

Note: Weekly bottom just formed; expect momentum to pick up in 2-3 weeks.

BTCUSDT

Bitcoin came and made its move according to the FVG, which was in the $98,000 to $99,000 range, but considering the war that took place between Iran, the United States, and Israel and that affected the markets, I expected it to reach the $91,000 or even $85,000 area and then make a move, but considering the previous analysis and consolidation in the $109,000 area and the breakout of $110,000, it started its move and is expected to go up to $120,000 in the short term and up to $144,000 in the medium term.

Btcusd techinical analysis.

Btcusd techinical analysis target successfully achived.

BTCUSD (Bitcoin): Forex Technical Analysis

Date: 11 July 2025

Momentum: Up

First Scenario : long positions above 115,706.14 with targets at 117,269.52, 117,904.51 and 118,513.05

Second Scenario : short positions below 115,706.14 with targets at 114,544.35, 113,774.89 and 113,053.39

Comment: RSI - Bullish.

Supports and resistances :

118,513.05 **
117,904.51 *
117,269.52
116,747.25 - Last price
114,544.35
113,774.89 *
113,053.39 **

Phemex Analysis #96: Pro Tips for Trading Ripple (XRP)

Since our previous analysis on XRP, Ripple’s native token [ XRPUSDT.P ] successfully broke above the significant $2.45 resistance level, subsequently establishing a higher low around $1.90 on June 22nd. Encouragingly, XRP has surged 10% over the past two days, once again decisively breaking the $2.45 barrier, and is currently trading at around $2.57.

Given XRP’s recent bullish performance and evolving market dynamics, let's explore several potential scenarios that traders should closely monitor.


Possible Scenarios
1. Continued Bullish Momentum (Breakout Scenario)
If XRP maintains its current bullish strength, it’s likely to break above its recent high at $2.65. Such a breakout would signal strong buying interest and may push the price further toward the resistance zones at $2.96 and $3.12.

Pro Tips:
Entry Strategy: Consider entering or scaling positions upon confirmation of a breakout above $2.65, supported by increased trading volume.

Profit-Taking: Strategically take partial profits as XRP approaches the next resistance levels at $2.96 and especially $3.12 to secure gains effectively.


2. Rejected by Strong Resistance Levels (Pullback Scenario)
While the recent rally is promising, broader market conditions currently exhibit limited bullish momentum, indicating caution. XRP may face strong selling pressure at resistance levels like $3.12, leading to a potential price rejection.

In this scenario, XRP could retreat to establish a higher low above the important support at $2.15.

Pro Tips:
Buying Opportunities: Long-term investors might consider gradually accumulating positions if XRP forms a confirmed higher low above the critical support zone around $2.15.

Patience: Wait for clear stabilization signs at support before increasing positions, rather than rushing entries during active retracements.


3. Consolidation within Defined Range (Neutral Scenario)
XRP might enter a period of price consolidation, oscillating between support at $1.91 and resistance at $2.65. This scenario is common when market sentiment is uncertain or awaiting clearer directional cues.

Pro Tips:
Grid Trading Strategy: Utilize grid trading bots to profit systematically from predictable range-bound price movements. Initiate Long Grid bots near support at $1.91 and Short Grid bots near resistance around $2.65.

Stop-Loss: Always set clear stop-losses outside the consolidation range, ensuring protection against unexpected breakouts or breakdowns.


Conclusion
Ripple (XRP) currently offers compelling trade opportunities across different market scenarios. By closely monitoring bullish breakout signals above $2.65, potential pullbacks toward $2.15, and consolidation opportunities within $1.91–$2.65, traders can strategically position themselves to capitalize effectively while managing risks prudently. Always maintain a disciplined approach, pay close attention to broader market trends, and carefully execute trades based on well-defined scenarios.


🔥 Tips:
Armed Your Trading Arsenal with advanced tools like multiple watchlists, basket orders, and real-time strategy adjustments at Phemex. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution.


Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.

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