Market Overview

Chart: https://www.gate.com/trade/BTC_USDT

As of August 11, 2025, 10:00 AM (UTC+8), the latest BTC/USDT price is $120,773, up 3.56% on the day. In the last 24 hours, BTC hit a high of $120,914 and a low of $116,583.6. Buy-side order volume accounted for 50.6%, slightly outpacing sell-side order volume at 49.4%, indicating a bullish tilt in market sentiment.

On the chart, BTC began its climb from the July low of $105,105. It reached a short-term high of $123,223 around July 17 and then pulled back due to volatility. Recently, prices have risen in line with the 10-day and 30-day moving averages, and today BTC broke through the $120,000 level on higher trading volume.

Three Drivers Behind the Rally

• Institutional Capital Inflows: Recently, several institutional funds and large companies have ramped up their BTC allocations, increasing demand in the spot market. Institutional buyers placed sizable orders near $120,800, which is evidence of strong capital support at this price range.
• Supportive Macroeconomic Policies: Positive signals from U.S. tax and retirement account policies, along with dovish signals from certain global central banks, have added liquidity to risk assets.
• Technical Breakout: The $120,000 level resisted several advances but traders have now decisively breached it, strengthening short-term bullish conviction and increasing the likelihood of testing the previous high at $123,223.

Beginner Strategies

• Phased Entry: Avoid committing all capital at once—high-level consolidation often brings pullback risks.
• Watch Support Zones: The $118,000–$118,300 range is a key short-term support level; traders should use extra caution if it is breached.
• Set Take-Profit and Stop-Loss: For short-term trades, consider taking profits near the previous high of $123,000. Traders should place stop-loss orders below $117,500.

Risk Disclaimer

• Chasing Highs: Historically, BTC often experiences corrections of 5–10% after reaching new highs.
• Policy Risk: If the U.S. or other major economies enact tightening measures, prices may decline sharply.
• Leverage Risk: Forced liquidations due to margin calls in leveraged trading can amplify price volatility. New investors are advised to focus on spot trading.

Conclusion

The $120K Bitcoin rally marks more than just a technical breakout. It reflects renewed market confidence and sustained capital inflows. However, volatility tends to increase at higher price levels. Investors should balance the urge to chase rallies. Disciplined risk management is essential to navigate these swings with confidence.