PHONG LE: IMPORTANT SIGNALS OF $BTC CURRENTLY SENDING STRONG SIGNAL
🔸 Phong Le has just shared a series of notable BTC data, showing that the current market picture is quite positive. BTC is trading around $77.8K, about 21.1% higher than the 200-day MA at $64.2K.
🔸 The Fear & Greed Index is at 73, while capital inflows into Bitcoin Spot ETFs continue to stay strong, with roughly $1.731B over 7 days and $2.228B over 14 days.
🔸 Notably, BTC currently has a Market Cap of about $1.546T, Bitcoin Dominance at 65.8%, and Open Interest around $94.8B. These figures suggest that money flow and interest in Bitcoin remain high.
🔸 With ETFs continuing to attract capital and BTC holding above the 200-day MA, the current market structure is leaning in a positive direction. However, Fear & Greed is in the “greed” zone, so profit-taking pressure remains a factor to watch.
Phong Le is presenting a fairly bullish outlook for $BTC . Is the market getting ready for a new uptrend?
🔸 Phong Le has just shared a series of notable BTC data, showing that the current market picture is quite positive. BTC is trading around $77.8K, about 21.1% higher than the 200-day MA at $64.2K.
🔸 The Fear & Greed Index is at 73, while capital inflows into Bitcoin Spot ETFs continue to stay strong, with roughly $1.731B over 7 days and $2.228B over 14 days.
🔸 Notably, BTC currently has a Market Cap of about $1.546T, Bitcoin Dominance at 65.8%, and Open Interest around $94.8B. These figures suggest that money flow and interest in Bitcoin remain high.
🔸 With ETFs continuing to attract capital and BTC holding above the 200-day MA, the current market structure is leaning in a positive direction. However, Fear & Greed is in the “greed” zone, so profit-taking pressure remains a factor to watch.
Phong Le is presenting a fairly bullish outlook for $BTC . Is the market getting ready for a new uptrend?
