From a technical perspective, Bitcoin is approaching the 'Golden Cross' pattern, which could initiate a new round of upward trend, with a short-term target range of 110,000 to 125,000. The trend is similar to the rise from 70,000 to 100,000 by the end of 2024. In the medium term, driven by favorable factors such as the inflow of spot ETF funds, supply tightening due to halving, and institutional entry, it is expected to challenge 112,000 to 180,000 within the year.
Regarding Ethereum, if ETH ETF gains more attention, along with the 'Pectra' upgrade making substantial progress in L2 expansion, the price is likely to reach 3,900 to 6,900.
However, analyst Ryan warns of risks: if there is a large-scale profit-taking in the short term, Bitcoin may pull back to 90,000 to 95,000, and Ethereum may drop to 1,800. Investors should closely monitor key indicators such as U.S. Treasury yields, ETF fund flows, and net flows on exchanges, maintain patience, and manage risk.
It is worth noting that recently, large holders have concentrated on selling Ethereum. On-chain data shows that a large amount of bottom-buying funds has become the current selling pressure, while Bitcoin has shown relative strength, which may indicate a shift in fund flows.
