BTC is currently ranging around $70,800 today. $71,000 is a strong resistance level, while the $68,500-$69,000 zone is a solid support line.
Macro-wise: There was a net outflow of $66.6 million from ETFs, but the dollar index has dropped to 99.2, and the 10-year treasury yield is down to 4.03%, easing some macro pressure.
Technically, there’s a weak golden cross signal on the daily MACD, but volume is lacking.
Holding $69,000 is crucial. If we break through $71,500, we could target $73,500. This is just my personal opinion and not investment advice.
Macro-wise: There was a net outflow of $66.6 million from ETFs, but the dollar index has dropped to 99.2, and the 10-year treasury yield is down to 4.03%, easing some macro pressure.
Technically, there’s a weak golden cross signal on the daily MACD, but volume is lacking.
Holding $69,000 is crucial. If we break through $71,500, we could target $73,500. This is just my personal opinion and not investment advice.