As of now, the daily line has shown a short-term bearish signal after rebounding and touching the 95000 level. Although this round of increase has been significant in terms of both space and strength, from the perspective of sustainability, whether it is linked to the US stock market or gold, there are currently no conditions for a direct breakthrough to new highs. For the overall risk market, liquidity constraints still exist. In the short term, the recent net inflow of funds into BTC spot ETFs is continuously increasing, along with the total market value of stablecoins also rising, but accompanied by profit-taking at high levels, the upward momentum is weakening. Meanwhile, in terms of technical indicators, MACD is at a high point in the bullish cycle, and RSI shows overbought conditions, which suggests there will be expectations for a pullback to correct the indicators shortly. On the 4-hour chart, the candlestick has been fluctuating downwards, and the accompanying indicators have shown a death cross at a high level, with the 7-day EMA dipping below. There is still a risk of short-term pullback and adjustment, and one should also be cautious of potential market turbulence. Therefore, in the short-term outlook, without clear confirmed support, the strategy remains to treat the short-term with a bearish bias!

On Thursday evening, Bitcoin rebounded in the 82500-83000 range, still leaning towards short positions. The focus below is on the 90000-90600 area. For Ethereum, the resistance continues below 1850, and it has now fallen below the 1750 level. In the evening, continue to pay attention to the strength of the rebound; if it cannot stabilize above 1800 again, the primary strategy remains to short at high points, with an initial target around 1680! #Bitcoin Market Value Ranking