The price of BTC has dropped by 2.13% in the past 24 hours to $90329.98, indicating a weak recent trend.
1. Institutional interest and Bitcoin-backed credit indicate that adoption rates are increasing, which may bring liquidity in the future.
2. Macroeconomic tightening and a significant decoupling from traditional markets present major resistance.
3. Recent technical indicators show short-term bearish momentum, while the community calls for patience.
Highlights
1. Institutional level: Bitcoin is gaining significant institutional interest, with 124 active cryptocurrency ETP applications in the U.S. market, including 21 Bitcoin spot ETF applications, indicating a large influx of liquidity in the future.
2. Adoption level: U.S. banks are launching Bitcoin-backed credit, allowing high-net-worth clients to use Bitcoin as collateral for loans without having to sell, integrating cryptocurrency into mainstream finance.
3. Long-term growth: Fidelity's analysis suggests that Bitcoin is in its fifth wave of growth, with a potential peak of around $151360, expected to continue its long-term appreciation.
Risks
1. Macroeconomic resistance: The Bank of Japan has raised interest rates to their highest level in 30 years, tightening global liquidity, which may lead investors to reduce exposure to risk assets like Bitcoin.
2. Market decoupling: Bitcoin has completely diverged from traditional stocks over the past year, challenging previous correlations, indicating that its market role and future performance expectations may change.
3. Technical weakness: The MACD histogram has been negative for the past 6 hours, dropping from 90.66 to 18.29, indicating recent price momentum is bearish.
Community sentiment
1. Call for patience: The community observes Bitcoin's current market behavior, experiencing a sharp drop followed by a rebound, indicating that liquidity is being redistributed rather than an immediate trend reversal, hence calling for patience. #加密市场反弹 $BTC
