$BTC

🔥 【$BTC/USDT Key Battle Moment: $68,000 Becomes the Watershed for Bulls and Bears!】

⚡ Real-time Situation

- $BTC is currently at $67,850, having fluctuated sharply between $66,200 and $68,400 in the past 24 hours

- The derivatives market's open interest has surpassed $38 billion, setting a new historical high

📊 Three Core Signals

1️⃣ Institutional Movements: The spot ETF has seen a net inflow for 4 consecutive days, with BlackRock increasing its holdings by 5,200 BTC in a single day (approximately $350 million)

2️⃣ On-chain Anomalies:

• Exchange balances have dropped to 2.26 million BTC, a 5-year low

• A whale transferred 12,000 BTC to a cold wallet (worth approximately $810 million)

3️⃣ Technical Formation: The weekly-level “cup and handle” pattern is nearing completion, with a breakout above $68,000 opening up a space towards $75,000

💡 Operation Strategy

- Breakout Buy: Build positions in batches after stabilizing above $68,200

- Defensive Level: $65,000 (30-day moving average + Fibonacci 38.2% retracement)

⚠️ Heavyweight Tonight: The US PPI data is about to be released, with the volatility index soaring by 150%!

Is this a real breakout or a false breakout for $BTC?

#Bitcoin #BTC Market #Crypto Trading

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