Today's Analysis:
Market Overview
Bitcoin is experiencing a "long-short squeeze battle"! The price is firmly holding at the $84,000 mark, and the weekly RSI has broken the downward trend line, with technical analysts shouting "$130,000 target locked in". However, concerns about ETF capital outflows and spot selling pressure still hang like the sword of Damocles!
Core Event Drivers
Demand Reversal:
Bitcoin's 30-day apparent demand has turned positive for the first time, active addresses on the blockchain have surged by 37%, and market sentiment has rapidly warmed from a freezing point!
Exchange BTC balances have dropped to 2.35 million coins (a three-year low), with the "coin-hoarding party" holding firm, and selling pressure has declined to the lowest level in the bull market cycle!
Policy Dividend:
Trump's 90-day tariff suspension has weakened expectations of dollar liquidity tightening, leading to a resurgence in risk asset preference, with Bitcoin's correlation to gold reaching a historic high!
Technical Breakthrough:
Bitcoin's weekly RSI has broken the resistance line, and historically similar patterns have triggered a 400% increase. Influencers like Titan of Crypto are calling for a "$140,000 target"!
Market Perspective on Bitcoin: RSI Breakthrough vs ETF Bleeding
Technical Aspect: The weekly RSI has broken out of the downward channel, and the MACD weekly golden cross is confirmed. If it stabilizes above $85,000, the target is aimed directly at $93,000 → $130,000!
Capital Aspect: Companies like MicroStrategy and Metaplanet have seen their holdings exceed 6% of the total circulating supply, but Bitcoin ETFs have suffered a $790 million weekly net outflow, leading to increased short-term divergence among institutions!
Preacher's Conclusion
The weekly RSI breakout suggests an epic market is on the way, but ETF capital outflows and leverage bubbles reveal short-term risks. Remember: when most people are reveling in the candlestick charts, smart money has already hedged against extreme volatility!
