The current BTC price is $71,649, firmly above the 4-hour EMA (70,001), while in the range between the middle and upper bands of the 1-hour Bollinger Bands (upper band 71,311). The daily RSI is 54.88 (neutral), and the MACD histogram is positive at +774 (the daily has turned bullish), with core support located at SMA20 (68,165).
On-chain data is strong: Realized Price at $54,387 solidifies the bottom, and SOPR at 0.993 shows no signs of panic selling in the market. Currently, BTC/ETH is in a state of extreme panic undervaluation, with technical and on-chain signals consistently indicating cautious buying, prioritizing BTC dominance.
Today's target: BTC +2-4%, ETH +3-5%, but $71,000 is a critical watershed.
Trading:
Bullish (60% probability): After breaking 71.8k, BTC target 75k, ETH target 2.3k, with catalysts being a rebound in the panic index + continuous accumulation of on-chain funds.
Neutral (30% probability): Range oscillation between 68k-72k, holding positions and strictly observing stop-losses.
Bearish (10% probability): If it drops below 70k, it will turn bearish, with a target support at 68k. #BTC
On-chain data is strong: Realized Price at $54,387 solidifies the bottom, and SOPR at 0.993 shows no signs of panic selling in the market. Currently, BTC/ETH is in a state of extreme panic undervaluation, with technical and on-chain signals consistently indicating cautious buying, prioritizing BTC dominance.
Today's target: BTC +2-4%, ETH +3-5%, but $71,000 is a critical watershed.
Trading:
Bullish (60% probability): After breaking 71.8k, BTC target 75k, ETH target 2.3k, with catalysts being a rebound in the panic index + continuous accumulation of on-chain funds.
Neutral (30% probability): Range oscillation between 68k-72k, holding positions and strictly observing stop-losses.
Bearish (10% probability): If it drops below 70k, it will turn bearish, with a target support at 68k. #BTC