๐ $BTC โ 05/03/2026
Bitcoin today is quite "volatile" as it fluctuates in the range of $67.5k โ $74k, currently around ~$72.8k after regaining the psychological level of $70k and bouncing back close to $74k. The recovery momentum is quite good, but the large amplitude indicates that the market is still extremely sensitive to macroeconomic and geopolitical news.
๐ฅ Notable points:
Positive news about the crypto legal framework in the US boosts risk-on market sentiment โ BTC quickly rises to the range of $73kโ$74k.
The BTC spot ETF shows signs of inflow returning after a period of capital withdrawal โ reinforcing the narrative that "institutions are buying the dip."
Selling pressure from miners still exists, which could create resistance if prices rise too quickly.
Geopolitical factors in the Middle East make BTC likely to experience rapid "quick dumps โ quick bounces" during the day.
๐ Price levels to watch:
Near support: $70k (important psychological level)
Deep support: $67kโ$68k
Near resistance: $73.5kโ$74k
If it strongly breaks the $74k level with volume, BTC could extend its upward movement. Conversely, if it loses $70k, the market could return to a range of fluctuations.
๐ฏ Summary:
BTC is recovering well thanks to ETF inflow + positive macro news, but volatility remains high. The market currently resembles a roller coaster: rising quickly โ dropping quickly, making it easy for FOMO to get seasick.
โ ๏ธ This article only reflects the perspective of someone sitting and watching the chart while drinking coffee. If the market turns, please don't blame... this morning's cup of coffee ๐
#Bitcoin #CryptoMarket #BTC #CryptoNews #blockchain
Bitcoin today is quite "volatile" as it fluctuates in the range of $67.5k โ $74k, currently around ~$72.8k after regaining the psychological level of $70k and bouncing back close to $74k. The recovery momentum is quite good, but the large amplitude indicates that the market is still extremely sensitive to macroeconomic and geopolitical news.
๐ฅ Notable points:
Positive news about the crypto legal framework in the US boosts risk-on market sentiment โ BTC quickly rises to the range of $73kโ$74k.
The BTC spot ETF shows signs of inflow returning after a period of capital withdrawal โ reinforcing the narrative that "institutions are buying the dip."
Selling pressure from miners still exists, which could create resistance if prices rise too quickly.
Geopolitical factors in the Middle East make BTC likely to experience rapid "quick dumps โ quick bounces" during the day.
๐ Price levels to watch:
Near support: $70k (important psychological level)
Deep support: $67kโ$68k
Near resistance: $73.5kโ$74k
If it strongly breaks the $74k level with volume, BTC could extend its upward movement. Conversely, if it loses $70k, the market could return to a range of fluctuations.
๐ฏ Summary:
BTC is recovering well thanks to ETF inflow + positive macro news, but volatility remains high. The market currently resembles a roller coaster: rising quickly โ dropping quickly, making it easy for FOMO to get seasick.
โ ๏ธ This article only reflects the perspective of someone sitting and watching the chart while drinking coffee. If the market turns, please don't blame... this morning's cup of coffee ๐
#Bitcoin #CryptoMarket #BTC #CryptoNews #blockchain