BTC/USD Breaks Out: Eyes on $135,000 as Market Sentiment Heats Up

US. spot Bitcoin ETFs showed increased volatility this week, marked by a $408 million net inflow on July 2, 2025, led by Fidelity's ETF with a single-day inflow of $184 million. This fast recovery followed a hefty outflow of $342 million on July 1, which brought a 15-day run that gathered more than $4. 7 billion from mid-June. U.S.-listed spot Bitcoin ETFs have attracted $9. 91 billion in inflows since May 1, 2025, accounting for around 20% of their entire inflows since their debut in January 2024. The resurrected surge, especially fueled by the Fidelity ETF, portends a quick recovery of institutional interest following a brief dip.

US and Vietnam trade deal has increased demand for riskier assets like Bitocoin.

Technical Analysis: Key Levels to Watch for BTC/USD

BTC/USD breaks minor trend line resistance$108700 and holds above that level.It trades above both short-term (34-EMA and 55-EMA) and long-term (200-EMA) moving averages on the 4-hour chart. Minor support is around $103000; breaking below this would drag the pair down to $10000/$94660/$90000. Immediate resistance is around $110,000, indicating that closing above this level could lead to targets at $111,292, $115,000, or even $135,000.

Investment Strategy: Opportunities for Traders

Indicators (4-hour chart).

CCI(500- Bullish

Directional movement index - Bullish

It is good to buy on dips around $108000 with a stop-loss set at $105000 for a TP of $135000.