Bitcoin has delivered a powerful weekly rally of around 23%, pushing the market back into a strong bullish zone. BTC recently moved toward the $78Kâ$80K area before a healthy pullback around $76Kâ$77.5K.
Ethereum is also showing strong momentum, gaining roughly 25â30% on the week.
đ Whatâs driving the rally?
âą Strong liquidity expectations are supporting risk assets.
âą Bitcoin and Ethereum ETFs are seeing significant inflows.
âą Short positions getting liquidated are adding fuel to the move.
âą Overall crypto market capitalization has climbed toward the $2.6Tâ$2.7T range.
The key question now is whether Bitcoin can hold its current levels and build enough momentum for the next leg higher.
My view: The market is looking much stronger, but chasing every green candle is risky. Watch BTCâs support and resistance levels carefully and stay disciplined. đ
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