Bitcoin (BTC) stabilized and rebounded after dipping to $100,300 yesterday, currently rising to around $101,860, indicating strong support near $103,000. The short-term RSI has recovered from the oversold zone, and if the MACD forms a golden cross, it may further confirm the rebound trend, targeting the range of $104,200-$105,500. If it can hold above $101,000, market sentiment is expected to turn bullish.
From a capital perspective, Bitcoin spot ETF has seen continuous net inflows recently (weekly $2.75 billion), with institutional holdings accounting for 33%, indicating that long-term funds have not exited due to short-term adjustments. If buying continues to strengthen, the price is expected to break through the key resistance zone of $105,500-$106,800, returning to an upward trend.
Overall, the current market is in a recovery phase after a short-term adjustment, with $101,000-$102,000 becoming the key support zone. If the price can hold in this range and break through $104,200, then bulls will dominate, with the next target looking at $106,800; conversely, if it falls below $101,000, it may test the $100,000 support again.
