Bitcoin: $114,000 or $94,000? The battle between bulls and bears is about to ignite
Current Bitcoin price is stuck around $104,500, the market is in severe divergence:
Bulls' reasons: Institutions continue to scoop up, spot ETF has seen inflows of $388 million for 8 consecutive days, major players like MicroStrategy maintain their positions; if it breaks above the previous high of $110,000, the next target points directly to $114,000
Bears warn: Geopolitical conflicts escalate (Israeli airstrikes on Iran) suppress sentiment, if the $94,000 support level is lost, a 10% correction may be triggered
Key signals:
In the past two months, the price has fluctuated in the range of $94,000 - $112,000, the greed index has dropped from 'greed' to 'neutral', retail investors' enthusiasm for chasing the rise has cooled
Traditional markets are synchronously stagnant, S&P 500 index remains flat, correlation between Bitcoin and US stocks increases, macro sentiment becomes dominant
Ethereum: Is there hope for bulls after breaking below $2500?
ETH recently fell below the key support of $2600, currently struggling around $2500, technical indicators show a dilemma:
Possible upward paths
If it breaks through $2565 (50% retracement of the downside wave), it is expected to rebound to $2620-$2660
Further breakthrough of $2660 may challenge $2720, even returning to $2800
Downside risk warning
If it cannot break through the resistance at $2565, it may test the support at $2455
If it drops below $2455, it may continue to decline to $2360, or even $2250
Technical indications:
MACD indicator weakens in the bearish area, downward momentum temporarily pauses
RSI indicator hovers around the 50 line, fierce competition between bulls and bears
What should ordinary investors do?
Bitcoin focuses on two key levels: rise above $110,000 to buy more, drop below $94,000 to reduce positions
Ethereum looks at $2565: Breakthrough can try a small long position, if lost, then wait and see
Avoid emotional trading: The current market is greatly affected by geopolitical and macro policies, reduce frequent trading