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Franchi for the first time in November 2024, the level of 93 000 $ has become a recurring pivot on a weekly basis. The price has interacted with this area more than a dozen times since.
What is your technical reading of this graphic insistence?
On the side of spot BTC ETFs, third consecutive day of positive inflows, with a 11.5% increase compared to the previous day (+840,000,000 $).
On January 14, the IBIT ETF (BlackRock) recorded +648.40 million dollars in inflows. This amount represents the majority (approximately 77%) of the net inflows for that day, indicating that capital is primarily flowing into this specific product compared to other listed ones (FBTC and GBTC).
After reaching its lowest point (10) on November 22, the Fear & Greed index continues its upward trend and rebounds to its level from August 2025.
Unlike extremes (fear or greed) that often trigger sharp movements, the neutral zone typically corresponds to more moderate or sideways price movements, as the market "decides" its next direction.
In summary: The market is no longer in "crisis" mode, but it is also not in a state of euphoria. This is an observation phase.