๐ Market Pulse: Is Bitcoin Preparing for a Relief Rally or a Deeper Dip?
The crypto market is navigating a high-stakes week. After a period of "Extreme Fear," we are seeing a tug-of-war between institutional accumulation and macro-economic pressure. Here is your essential briefing for today:
1. Bitcoin ($BTC ) โ The $70,000 Battleground ๐งฑ
The Situation: BTC is struggling to hold the $70,000 psychological level. While it bounced from recent lows of $60,000, the trend remains bearish until we reclaim the $81,000 mark.
The Key Level: Watch $68,160. A breakdown below this could trigger a fresh wave of liquidations toward the $60k support zone.
2. Ethereum ($ETH ) โ The Whale Accumulation ๐
The Bull Case: Despite ETH trading near $2,028, institutions like Bitmine are aggressively buying the dip, adding over 40,000 ETH to their treasuries this week alone.
The Risk: ETH is underperforming BTC. If the $2,000 support breaks, we could see a fast move toward $1,800.
3. Macro Triggers to Watch ๐
Investors are "Risk-Off" this week ahead of US and Chinese Inflation Data (CPI).
Bitcoin is currently moving in lockstep with US Tech Stocks, which have faced selling pressure due to AI sector concerns.
๐ก Publisherโs Strategy: The "Digital Gold" narrative is being tested. We are seeing a "Dead Cat Bounce" toward $72,000โ$74,000. Unless we see a strong daily close above $75k with high volume, keep your leverage low and focus on Spot DCA for long-term holds.
๐ Are you holding your bags or waiting for a $60k retest? Let's discuss below!
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