🚨 Crypto market at a crossroads: between macro pressure and accumulation opportunities! 📊
In the past few hours, we saw a notable decline in cryptocurrency prices led by Bitcoin $BTC, which has returned to trading around the 62,000 levels\( [1.3.2]\), after failing to break through the strong resistance barrier at 64,000\)\, and being affected by the recent downturn in stock markets as geopolitical tensions resurfaced again [1.1.4, 1.3.4]. What is happening in the market now? 🤔
1️⃣ Geopolitical pressures: US President Donald Trump’s announcement that the ceasefire with Iran has ended, along with an exchange of airstrikes, led to a rapid jump in oil prices (Brent crude above $74) and a decline in investors’ risk appetite, putting crypto assets under temporary selling pressure [1.1.4, 1.3.6]
2️⃣ Liquidity levels stored: Despite the current correction, on-chain data shows that the supply of Bitcoin and Ethereum $ETH on trading platforms is approaching the lowest levels in years [1.1.5], meaning there is ongoing, smart accumulation by whales and long-term investors [1.4.3].
3️⃣ Monitoring support: Maintaining the important psychological support level at 60,000$ is crucial in the coming weeks to ensure the market’s positive structure is preserved and the recovery phase is completed [1.3.2, 1.4.5].
Trading advice:In times of sharp volatility.
In the past few hours, we saw a notable decline in cryptocurrency prices led by Bitcoin $BTC, which has returned to trading around the 62,000 levels\( [1.3.2]\), after failing to break through the strong resistance barrier at 64,000\)\, and being affected by the recent downturn in stock markets as geopolitical tensions resurfaced again [1.1.4, 1.3.4]. What is happening in the market now? 🤔
1️⃣ Geopolitical pressures: US President Donald Trump’s announcement that the ceasefire with Iran has ended, along with an exchange of airstrikes, led to a rapid jump in oil prices (Brent crude above $74) and a decline in investors’ risk appetite, putting crypto assets under temporary selling pressure [1.1.4, 1.3.6]
2️⃣ Liquidity levels stored: Despite the current correction, on-chain data shows that the supply of Bitcoin and Ethereum $ETH on trading platforms is approaching the lowest levels in years [1.1.5], meaning there is ongoing, smart accumulation by whales and long-term investors [1.4.3].
3️⃣ Monitoring support: Maintaining the important psychological support level at 60,000$ is crucial in the coming weeks to ensure the market’s positive structure is preserved and the recovery phase is completed [1.3.2, 1.4.5].
Trading advice:In times of sharp volatility.