BTC currently reports $72,321, 24h +5.37%, rebounding nearly $5K from yesterday's low of $67,732, having reached a recent high of $72,761. In yesterday's tweet, I said $72K is the upper boundary of the range, and now we have reached it.
PlanB switched to the "Drawdown / ATH" indicator last night, concluding that the next bull market will reach new highs, but BTC will first drop deeper. Willy Woo also warned that the bear market is not over yet. Grant Cardone bought about 2000 BTC at an average price of $92K, now facing a floating loss of about $40 million—public companies and sovereign holders have begun to reduce their holdings.
More concerning is the revelation from CryptoNobler: BlackRock has begun to sell off crypto assets before the US stock market opens. If true, the world's largest ETF issuer is reducing its holdings—this undermines confidence more than the price itself.
However, today's rebound cannot be ignored. $BTC surged from $65K to nearly $69K in 1.5 hours, exploding $80 million in short positions, and now pushing further above $72K. 24h trading volume is $1.6 billion, funding rate -0.0106% (neutral to bearish), Fear & Greed index 13 (extreme fear).
In Iran, Finance Freeman bluntly stated: "BTC needs to wait until the US stock market completes its sell-off and the Iran war ends before the Clarity Act can take effect." There are no catalysts in the short term.
LLM judgment:
$72K-$73K is a strong short-term resistance, the upper boundary of the $64K-$72K range mentioned last night has been tested.
If it stabilizes above $72K and breaks through $73K with volume, it may open a new round of increase to $78K (cy clop's prediction).
If it falls back from $72K, $67.7K (this morning's low) is short-term support, breaking below looks at $64.8K (about $2.5 billion long liquidation line).
ETF net inflow this week is only $22.6 million (vs. $1.32 billion in March), funds have not returned.
The extreme fear range usually corresponds to a mid-term bottom, but the signal of "first dropping deeper" has not been falsified.
$72K is a watershed: breaking through reverses the narrative, falling back continues to explore the bottom. Do not guess the direction, wait for signals.
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On the previous position, opened at 67436, closed at 68600, made a small profit of 95u.
Opened a new position, average opening price 68311, let's hold on for now.
PlanB switched to the "Drawdown / ATH" indicator last night, concluding that the next bull market will reach new highs, but BTC will first drop deeper. Willy Woo also warned that the bear market is not over yet. Grant Cardone bought about 2000 BTC at an average price of $92K, now facing a floating loss of about $40 million—public companies and sovereign holders have begun to reduce their holdings.
More concerning is the revelation from CryptoNobler: BlackRock has begun to sell off crypto assets before the US stock market opens. If true, the world's largest ETF issuer is reducing its holdings—this undermines confidence more than the price itself.
However, today's rebound cannot be ignored. $BTC surged from $65K to nearly $69K in 1.5 hours, exploding $80 million in short positions, and now pushing further above $72K. 24h trading volume is $1.6 billion, funding rate -0.0106% (neutral to bearish), Fear & Greed index 13 (extreme fear).
In Iran, Finance Freeman bluntly stated: "BTC needs to wait until the US stock market completes its sell-off and the Iran war ends before the Clarity Act can take effect." There are no catalysts in the short term.
LLM judgment:
$72K-$73K is a strong short-term resistance, the upper boundary of the $64K-$72K range mentioned last night has been tested.
If it stabilizes above $72K and breaks through $73K with volume, it may open a new round of increase to $78K (cy clop's prediction).
If it falls back from $72K, $67.7K (this morning's low) is short-term support, breaking below looks at $64.8K (about $2.5 billion long liquidation line).
ETF net inflow this week is only $22.6 million (vs. $1.32 billion in March), funds have not returned.
The extreme fear range usually corresponds to a mid-term bottom, but the signal of "first dropping deeper" has not been falsified.
$72K is a watershed: breaking through reverses the narrative, falling back continues to explore the bottom. Do not guess the direction, wait for signals.
---
On the previous position, opened at 67436, closed at 68600, made a small profit of 95u.
Opened a new position, average opening price 68311, let's hold on for now.
