The level combines the 200DMA, 200DEMA, VWAP, and a strong horizontal resistance zone.
Most likely, price gets squeezed into a $78K-85K range until the end of the month. That would give #Alts some room for a local pump and a short breather.
But globally, #BTC is still in a bearish trend - stay alert.
Bitcoin is under pressure after the US producer inflation print.
After PPI came in hotter than expected, BTC slipped back below $80,000. What is interesting here is the reaction itself: Bitcoin is ignoring fresh records in the US stock market, but reacting sharply to macro data it would normally be expected to look through. $BTC
US equities are still in a bull market, while BTC volatility is back.
The S&P 500 is pushing to another ATH, and Bitcoin is once again moving with sharp spikes in both directions - liquidating traders on both sides. Meanwhile, Trump is once again threatening Iran with strikes “like they have never seen before” if no deal is reached.
At this point, the whole dispute is basically centered on one issue: uranium and Iran’s nuclear program. The US wants it shut down and wants Iran’s uranium removed, while Tehran still refuses to accept those terms.
And right now, it feels like the market may still be heading toward another round of escalation.
That said, two micro-gaps are still left on the chart - one around $93K and another around $70K, with the lower one being the larger of the two. The key question now is which one gets filled first.
CryptoQuant analysts believe the $93K level is more likely to be taken first, while also pointing to growing interest in altcoins. 🤑
For context, a gap is the difference between a session’s closing and opening price. BTC is not required to fill CME gaps, but historically it has done so in roughly 90% of cases. $BTC
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Market Overview BTC Bulls Eyeing $68k | AK 主机 Analysis
The market is showing strong green momentum today! As we look at the latest data, it’s clear that liquidity is staying firm in the majors while the broader market waits for a breakout. BTC Currently trading at $67,463.80 2.1% We are seeing solid support at the $65k level as we push toward the next major resistance. ETH Steady at $1,971.01 +1.8%. The $2,000 psychological barrier is within reach. SOL Up +1.4%, trading at $84.98. Macro & Market Health Total Crypto Market Cap Sitting strong at $2.3 Trillion +1.7% Gold & S&P 500 Gold is seeing a slight correction -4.96%, while the S&P 500 remains flat. This indicates that investors are currently leaning back into risk assets like Crypto. Altcoin Season Index (36) We are still firmly in Bitcoin Season. This means the "Big Brother" is leading the move, and we might have to wait a bit longer for a massive Altcoin explosion. $XAU $XAG