Is Bitcoin ready to take off, and can Ethereum rise above 2000 again?
1. Is Bitcoin ready to take off?
1. Technical structure: At the end of the fluctuation, choices are about to come
Bitcoin is currently at the end of a key converging triangle, forming a high-level consolidation structure on the daily line, with volatility continuously decreasing, indicating that a directional choice is imminent;
Support level: approximately in the 91,000-92,000 range;
Resistance level: approximately around 96,000-98,000; once broken, it will trigger a new round of bullish sentiment;
Moving average angle: MA10 and MA20 are merging; if it breaks through and closes above MA20, it will have conditions for a short-term start.
2. On-chain fund flows and position movements
Recent on-chain data shows that net inflows to whale wallets have increased, and some long-term holders are starting to slightly increase their positions;
The net value of BTC ETF fund flows is stabilizing, indicating strong market wait-and-see sentiment, but no large-scale selling has occurred yet;
The unrealized profit metric (NUPL) is close to neutral, on the edge of the 'belief zone', leaning towards consolidation and power accumulation.
3. Market sentiment and external variables
Strong US stocks, stable inflation data, and unchanged Federal Reserve expectations have created a relatively solid macro environment for BTC;
Currently, BTC's increase is lagging behind some mainstream altcoins, which may trigger a 'catch-up' trend.
Comprehensive judgment: Bitcoin is accumulating momentum in a key area; if it can stabilize around 96K and break out with volume, it may welcome the next round of market explosion.
2. Can Ethereum rise above 2000 again? (You should refer to 2000 * 0 = 2000 USDT, analyzing here as a critical integer value)
1. Technical structure: The bull defense line is gradually rising
The current fluctuation range for ETH is around 1800, forming a typical 'box fluctuation upper edge suppression' pattern;
Recently, several retests of low points have risen, with effective bottom support and a golden cross expected on the MACD;
If it breaks through $2000 with volume, it can quickly surge to the $2120-$2200 range in the short term.
2. Trading aspect fund tendencies
Perpetual contract positions continue to rise, with long leverage being high but not extreme;
The funding rate is neutral or slightly positive, indicating that sentiment is not overheated and there is further upward potential;
3. Event-driven aspects
ETH spot ETF has been continuously flowing in, combined with next month's upgrade that will release further benefits, ETH will respond quickly;
Comprehensive judgment: As long as BTC is stable, Ethereum has the important momentum to challenge and stand above 2000 again.
Next, let's talk about the popular coin Alpaca that everyone should be familiar with; it is going to be delisted by Binance. The market maker has made some tricky moves; instead of falling, it has risen, and the funding rate is fully utilized. I am also one of the contributors!
Who can play better like this? A new trick has emerged, and there will definitely be more coins delisted later, so be cautious. Other market makers will imitate such operational patterns; walking by the river, how can one not get their shoes wet!
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Alright, that's all for now; I hope it helps you.
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