As BTC Breaks Above the 66,000 Threshold, Divergence Between Bulls and Bears Intensifies
BTC has surged strongly in the short term, rising from 63,858 to 66,333—an increase of more than 2,400 points. The current price is 66,259, hitting a new 14-day high. On the daily chart, multiple moving averages are forming support, and the 66,000 level has been broken effectively.
The capital flow shows clear differentiation: spot ETF net inflows of $226.8 million yesterday, and BlackRock’s IBIT has seen capital entering for five consecutive days, indicating steady institutional buying power. At the same time, the ancient “whale” holding since 2013 has been silent for four months and then withdrew 1,000 BTC, worth over $65 million—an end-of-cycle trimming move that leaves a short-term risk on the order book.
Technically, the 4-hour chart’s swing lows are gradually rising, with pullback strength steadily weakening. The market shows sufficient buy-sell support. Near-term resistance is at 66,333; after a breakout, the target range is 67,000–67,500. The 65,500 to 65,800 area forms a key support band.
For trade direction, consider opportunities on both sides: if price retests and stabilizes at 65,800–66,000, you can take a light long position; if there is a deeper drop to 62,000–62,500, consider adding and setting up positions. If the price rebounds into the 66,500–67,200 range and shows signs of stall/consolidation, you can lightly attempt a short.
Overall, the whale’s distribution only affects short-term sentiment, while the ETF’s continued net inflows are the core main line supporting the upward trend.
BTC has surged strongly in the short term, rising from 63,858 to 66,333—an increase of more than 2,400 points. The current price is 66,259, hitting a new 14-day high. On the daily chart, multiple moving averages are forming support, and the 66,000 level has been broken effectively.
The capital flow shows clear differentiation: spot ETF net inflows of $226.8 million yesterday, and BlackRock’s IBIT has seen capital entering for five consecutive days, indicating steady institutional buying power. At the same time, the ancient “whale” holding since 2013 has been silent for four months and then withdrew 1,000 BTC, worth over $65 million—an end-of-cycle trimming move that leaves a short-term risk on the order book.
Technically, the 4-hour chart’s swing lows are gradually rising, with pullback strength steadily weakening. The market shows sufficient buy-sell support. Near-term resistance is at 66,333; after a breakout, the target range is 67,000–67,500. The 65,500 to 65,800 area forms a key support band.
For trade direction, consider opportunities on both sides: if price retests and stabilizes at 65,800–66,000, you can take a light long position; if there is a deeper drop to 62,000–62,500, consider adding and setting up positions. If the price rebounds into the 66,500–67,200 range and shows signs of stall/consolidation, you can lightly attempt a short.
Overall, the whale’s distribution only affects short-term sentiment, while the ETF’s continued net inflows are the core main line supporting the upward trend.