PPI has been released and it largely meets expectations, but crude oil has surged above $100, so pressure in the energy sector is still there.
BTC failed to break through the upper range boundary twice; it has now returned to the bottom of the range, with the first pullback reaching the daily EMA.
From a structural perspective, this pullback is healthy.
However, over the past 12 hours, perpetual futures have added 10,000 BTC worth of leveraged long positions. If tomorrow’s CPI comes in hot, these positions will be very uncomfortable.
I agree with half of the saying that the rallying phase has ended.
The structure is indeed weakening, but directly looking at 45K feels a bit jumpy.
There are also a few support zones in the middle that haven’t been tested yet; a one-time drop down to that level would require a large external shock.
The bias is bearish, but the magnitude is still being kept. We’ll talk again after the price reaches the next stage.
He said that neither he nor his team sold any coins, nor made any money from the tokens.
But what the market saw was that within two hours of listing, the price dropped by 99%.
Not selling tokens and a price collapse aren’t actually contradictory. The project team doesn’t need to dump the tokens themselves; any one of the following—token allocation structure, vesting and locking arrangements, or market sentiment—can drive the price to zero instantly.
The line “The journey isn’t over yet” placed here sounds a bit ironic.
For most people, their journey ended about two hours ago.
The total encrypted market capitalization has just shown a recent structural signal.
On the daily chart, the 50-day moving average has crossed above the 200-day moving average. From a technical standpoint, this is often regarded as a reference signal for a potential shift in the medium- to long-term trend.
Historically, similar structural changes are often accompanied by an improvement in market sentiment. However, it’s important to note that this signal has a certain degree of lag—it more often confirms that a trend shift has already occurred rather than predicting future price increases or declines.
This rebound is almost at its end. The 80K zone is the peak area of this market move.
If things continue at this pace, the price will first return to the 72K area to test support, then move into the 65K turnover zone, and then down into the 57K liquidity area.
Only after these levels have all played out will a new round of trend begin.