【Greed level soars to 69, will Bitcoin's next move be a surge or a pullback?】
Today's Bitcoin price fluctuates around $103,900, with the market fear and greed index hitting 69, indicating overwhelming greed! Based on past experience, whenever the market starts to feel "nervous," it often signals a rebound rather than a crash! The more extreme the sentiment, the closer the opportunity?
Currently, Bitcoin is facing strong resistance in the $104,000 to $105,000 range. If it successfully breaks through, $110,000 is not a dream; conversely, if it faces pressure and pulls back, it may test the $100,000 support— but don’t forget, there is a "quiet" force beneath holding it up.
Despite the spot ETF fund flow dropping from $3 billion at the end of April to $228 million this week, on-chain data still shows strong buying pressure—especially from credit expansion by private banks in Brazil and Europe, which is quietly driving up Bitcoin prices.
As for altcoins:
ETH remains strong above $2,500, with clear bullish signals;
XRP is down 3% today, temporarily weakening;
SOL/CARDANO/DOGE show neutral performance, with limited short-term fluctuations;
USDT stabilizes at $1, with no abnormal fund flow observed.
Gold is weakening, and the crypto market may welcome a new upward cycle, especially in the altcoin sector.
Conclusion: The current phase belongs to the "emotional overheating zone"; it is important to be brave but also calm in operations. If $105,000 is breached, the entire market may ignite once again!
