The Middle East situation is back in focus. Bitcoin's key support at 76000—how to position for the market shift?
Trump is signaling a quick wrap-up of the conflict, seemingly calming market sentiment, but the actual situation remains tense. Iran's stance on core issues like nuclear matters, war reparations, and control of the Strait of Hormuz is firm, with no signs of compromise; the geopolitical game continues in the shadows.
In light of the news, the crypto market is experiencing an overall consolidation. Bitcoin has held its ground at the 76000 key support level, with a slight 0.56% drop over the last 24 hours; ETH's performance is weaker, retreating to the 2112 range.
Yesterday, Bitcoin's spot ETF saw the largest single-day net outflow since January, totaling $649 million, with BlackRock's IBIT alone accounting for $448 million. This shows that institutions do not blindly follow bullish sentiment; they quickly reduce leverage and cash out at the first sign of risk.
YingYing believes that the short-term geopolitical bullishness is just emotional hype with very limited sustainability. What will truly drive this market shift tonight are the U.S. Treasury yield data and the Federal Reserve's latest moves.
Currently, the 30-year Treasury yield has climbed to a new high since 2007, continuously suppressing global risk assets. The technical landscape is clear: Bitcoin faces strong resistance around 77500, maintaining a bearish-dominated structure overall.
Keep a close eye on the core support at 76000; a significant drop below it would target the 75000 support range, potentially even lower at 73800. Only a solid breakout above 77500 with volume will make a short-term bullish entry worthwhile.
$BTC
#Strive购入382BTC
Trump is signaling a quick wrap-up of the conflict, seemingly calming market sentiment, but the actual situation remains tense. Iran's stance on core issues like nuclear matters, war reparations, and control of the Strait of Hormuz is firm, with no signs of compromise; the geopolitical game continues in the shadows.
In light of the news, the crypto market is experiencing an overall consolidation. Bitcoin has held its ground at the 76000 key support level, with a slight 0.56% drop over the last 24 hours; ETH's performance is weaker, retreating to the 2112 range.
Yesterday, Bitcoin's spot ETF saw the largest single-day net outflow since January, totaling $649 million, with BlackRock's IBIT alone accounting for $448 million. This shows that institutions do not blindly follow bullish sentiment; they quickly reduce leverage and cash out at the first sign of risk.
YingYing believes that the short-term geopolitical bullishness is just emotional hype with very limited sustainability. What will truly drive this market shift tonight are the U.S. Treasury yield data and the Federal Reserve's latest moves.
Currently, the 30-year Treasury yield has climbed to a new high since 2007, continuously suppressing global risk assets. The technical landscape is clear: Bitcoin faces strong resistance around 77500, maintaining a bearish-dominated structure overall.
Keep a close eye on the core support at 76000; a significant drop below it would target the 75000 support range, potentially even lower at 73800. Only a solid breakout above 77500 with volume will make a short-term bullish entry worthwhile.
$BTC
#Strive购入382BTC