BTC is currently consolidating around $70,800. Key resistance is at $71,000, while there's strong support between $68,500 and $69,000.
On the macro side: There was a net outflow of $66.6M from ETFs yesterday, but the dollar index dropped to 99.2 and the 10-year U.S. Treasury yield fell to 4.03%.
Technically, the daily MACD is showing a slight golden cross signal, but volume is lacking.
$69,000 is a critical level. If we see a strong breakout above $71,500, the $73,500 target could be in play. This is just my personal view; it's not investment advice.
On the macro side: There was a net outflow of $66.6M from ETFs yesterday, but the dollar index dropped to 99.2 and the 10-year U.S. Treasury yield fell to 4.03%.
Technically, the daily MACD is showing a slight golden cross signal, but volume is lacking.
$69,000 is a critical level. If we see a strong breakout above $71,500, the $73,500 target could be in play. This is just my personal view; it's not investment advice.