Bitcoin is stuck at 106,000; is the next step an explosion or a collapse?
Bitcoin has come this far, like a trapped beast running wildly in its cage.
Even standing at 106,000 feels heavy, yet no one dares to call for a drop.
This is neither a peak nor a bottom, but the eve of a power struggle.
Retail investors are hesitant, trading is lukewarm, and BTC's current 'sideways' movement is anxiety-inducing.
Why the delay in movement?
1. Macroeconomic pressure: The US dollar is strengthening, the Federal Reserve is tough-talking, gold is skyrocketing, and risk assets are gasping for breath.
2. Geopolitical suppression: Middle East tensions + Eastern Ukraine situation, safe-haven assets leaning towards traditional ones.
3. Fluctuating sentiment: unable to break through or drop below, reminiscent of the calm before the storm.
But is 100,000 a solid bottom? For now, it still holds.
Above 110,000? Once breached, the liquidation rocket launcher will be ready to fire.
The technicals have not turned bearish:
RSI is flat, momentum is not yet exhausted.
MACD bullish crossover is approaching.
Selling pressure is gradually decreasing.
Meanwhile, in the shadows, ETFs continue to attract capital, and the topic of strategic Bitcoin reserves is frequently surfacing, with major players still placing their bets.
Bitcoin's next step is not a collapse, but a choice of direction.
Are you watching the fluctuations, or are you ready to follow that wave of real explosion?
