$BTC

1. Technical indicator signals

◦ Weekly level: The general trend is bullish, with a target of $110,000, but it may pull back to $85,000 in the short term before starting to rise.

◦ Derivatives market: The open interest of perpetual contracts surged to 281,000 BTC, but the funding rate turned negative (-0.023%), indicating that short-term traders are bearish and there is a risk of short squeeze.

2. Market sentiment is divided

◦ Bitcoin's market share rose to 64.61% (a new high since 2021), showing a "Bitcoin-dominated" trend, while Ethereum was weak due to insufficient institutional demand.

◦ Fear & Greed Index is 72 (greed), 60% of trading days rose within 30 days, short-term volatility is 3.19%, and technical indicators are neutral to bullish.