Market conditions change rapidly, and trading is all about the present. You must sing the song of the mountain you are on. Bitcoin's price broke through $84,000 and once attempted to test the $90,000 height again. The market is currently in a stage of rebound after a period of fluctuation and decline. In fact, this wave of market conditions was anticipated. We previously mentioned that the surge from $70,000 to $110,000 was driven by Trump's election boost and the approval of the entire spot ETF, leading to this wave of expansion. However, large movements of liquidity and significant funds have not fully entered the market, so its increase cannot be considered a complete bull market. Although it has been nearly a year since the last halving, in previous bull markets, Bitcoin's peak would reach its highest point 12-18 months after halving. The next few months will be crucial.
The current price is indeed $84,000. You can see that a daily golden cross has formed below, indicating that a rebound is likely to occur. However, does this mean it will keep rising every day? That is not possible; there will also be brief adjustments. The previous article clearly stated to maintain a bullish operation after a pullback, and there is currently a very strong liquidation position.
Stablecoins have now surpassed the level of $211 billion, and in just a few days, nearly $1 billion has been added quickly. This indicates that the interest rate cut in June is already known, and it may start a new round of rising market in the coming days to early April, during which Ethereum will also catch up. Spot ETFs continue to experience inflows, and the current fear and greed index is at a fear level of 30. Recently, Bitcoin's pain point has been between $80,000 and $85,000. From the Bitcoin liquidation map, there are still many people going long, and it may quickly rebound after a dip. Everyone should pay attention. Many altcoins have already fallen back to previous levels, but some coins remain stable, including XRP, which hasn't dropped much and is still around $2.3. SOL has seen a more significant drop, but ultimately, funds will flow into mainstream coins, with Bitcoin being the first to rise. This is inevitable; without Bitcoin rising, there is no market. The future driving force still relies on Bitcoin. Currently, Bitcoin's total market capitalization is at 58%, leaving a lot of room for improvement. When we don't know how to choose right now, we can buy some spot or wait for a pullback to buy in.#BTC走势分析 .
If there is demand, you can pay attention to it. That's all for today.
