📊 BREAKING: Bitcoin Surges 3.34% Despite 4-Month Downtrend — Institutional Buying Floods In, But Major Risks Remain
After 4 consecutive red months (first since 2018), Bitcoin shows life at $78,128 (+3.34%). Is this a reversal or dead cat bounce?
---
✅ Why It's Rising:
🏦 Institutions Buying:
· Binance: $100M BTC + $900M planned
· MicroStrategy: +855 BTC ($75M)
· Cardone Capital: $10M BTC
· ING: Bitcoin ETP in Germany
🇺🇸 Regulatory Support:
Trump backs crypto market bill → potential clarity.
💰 Money Flow Positive:
+2,898 BTC net inflow (24h), whales accumulating.
---
⚠️ Risks Remain:
📉 4-Month Downtrend unbroken
📊 ETF investors underwater → sell pressure at breakeven
📈 Technicals weak:
· Below all key EMAs
· MACD recently negative
· RSI(6): 45.04 (neutral)
---
🎯 Key Levels:
· Support: $74,600
· Resistance: $80,568 (EMA 25)
· Major Resistance: $83,932
---
💡 Trading Plan:
Bulls: Wait for break >$80,568. Entry: $78.5–79K. Stop: $76,800.
**Bears:** Short rejection at $80K. Stop: $81K.
**Smart:** Scale in slowly. Trade range ($74.6–83.9K) until trend breaks.
---
DYOR. Not financial advice.
👉 Like this analysis? Tips support our work!
