【Bitcoin 'Death Zone' Approaches! Direction at Your Fingertips, Bearish or Bullish, It All Depends on This Time!】

Bitcoin has been stagnant for too long; is it gathering momentum? Or is there a hidden danger? This time, market signals are at full throttle, and you must choose your side!

As of now, Bitcoin has been 'trapped' between $103,000 and $106,000 for over three weeks, with prices unable to rise or fall, leading to a sharp divergence in investor sentiment. Why is there still no direction? The deeper reasons are here.

Investor hesitation is on the rise, driven by three core factors:

1️⃣ High macro uncertainty: The U.S. continues a dovish yet hawkish stance, with market expectations for interest rate cuts swinging unpredictably, and a strong dollar suppressing risk assets.

2️⃣ Tense geopolitical situation: The situation between Russia and the Middle East is stirring risk-averse sentiment, with gold skyrocketing and some funds withdrawing from cryptocurrency to traditional safe havens.

3️⃣ Ambiguous technical signals: Bitcoin's current RSI is flat, and MACD is at a low turning point, indicating a direction may soon be chosen but is not yet clear, like the calm before the storm!

But don't overlook: A brewing explosion is quietly developing behind the scenes!

ETF holdings are steadily increasing, and institutions continue to buy.

There are rumors that the U.S. is considering a strategic reserve plan for Bitcoin.

On-chain active wallets and transaction volumes are gradually warming up.

The funding situation in the larger cycle has not shown significant withdrawal, and bottom support remains strong.

The key technical points to watch are:

If it breaks above the $106,000 resistance, it will directly aim for $110,000 or even higher.

If it falls below the strong support at $102,000, it may dip to $98,000 or even lower, with a short-term storm approaching.

How should you respond at this moment?

Short-term players: Keep a close eye on the upper and lower bounds of the range; confirm the breakout before acting to avoid being shaken out.

Medium to long-term holders: This is the strategic accumulation zone; it's neither the top nor the bottom but the eve of future waves!

The market won't wait for anyone; the key is not whether you know, but whether you dare to seize your position before the wind rises!