BTC is currently ranging around 70,800 today, with 71,000 acting as a strong resistance level up top, and solid support between 68,500 and 69,000 below.
On the funding side: ETFs saw a net outflow of $66.6M yesterday, but the dollar index has dipped to 99.2, and the 10Y US Treasury yield has fallen to 4.03%, easing some macro pressure.
From a technical perspective, the daily MACD shows a slight golden cross signal, but volume is lacking, so we’re likely to see more range-bound action in the short term.
Judgment: Holding above 69,000 is crucial; if we can effectively break through 71,500, then 73,500 is in sight. This is just my personal opinion and not investment advice. What do you all think?
On the funding side: ETFs saw a net outflow of $66.6M yesterday, but the dollar index has dipped to 99.2, and the 10Y US Treasury yield has fallen to 4.03%, easing some macro pressure.
From a technical perspective, the daily MACD shows a slight golden cross signal, but volume is lacking, so we’re likely to see more range-bound action in the short term.
Judgment: Holding above 69,000 is crucial; if we can effectively break through 71,500, then 73,500 is in sight. This is just my personal opinion and not investment advice. What do you all think?