💎 Keep Bitcoin at 794,000! This sideways move after a 23% weekly rise—fuel or a top?
BTC has held above the $790,000 area. In the past seven days it surged about 23%; the monthly gain is close to 28%. It even broke above $80,000 and hit a new high since mid-May (after a peak of 81,273, it was pushed back).
On Wednesday, it fell about 1% over 24 hours—this isn’t a crash; it’s profit-taking.
The strongest backing is institutional “real money”: The U.S. spot Bitcoin ETFs have seen net inflows for 8 straight days. Last week they pulled in $1.92 billion, the strongest since October last year. On Tuesday alone, inflows were $314 million, bringing total inflows to $54.36 billion and total assets under management to $99.05 billion. K33 Research noted that spot and perpetual contract trading volumes jumped 188%, and CME volume rose 152%. The annualized basis spread surged to 11.1%—"bullish capital is clearly back."
📈 A rarer signal: In just 4 days, Bitcoin regained the 50-day, 100-day, 200-day, and even the 200-week moving averages in one go. Historically, this pattern has only appeared at the starting point of cyclical bull markets. During the same period, shorts were liquidated by more than $220 million.
Altcoins are even crazier: XRP rose 45% week-over-week (at $1.44); ZEC rose 55% week-over-week (with the U.S. spot ZEC ETF already launched); ETH rose 29% and held around $2,465; HYPE rose 40%, breaking above $81. But when gains are this fierce, pullbacks are fast too—yesterday, this batch of leaders fell across the board.
⚠️ Two hidden risks don’t ignore: First, the daily RSI has surged to 81 and even 85.9—severely overbought. Second, macro thresholds are clustering—Q2 GDP and July PCE just came out. New Fed Chair Kevin Warsh made his first appearance at Jackson Hole this Friday. The market is pricing about a 60% probability that there will be no change in September, and some people even started betting on rate hikes. CoinDesk yesterday attributed XRP’s drop against the market to rising expectations of a rate hike.
Key watershed: If it holds $79,000, there’s still a chance to push toward $82,500 and $84,000. If it breaks, then below, you’ll have to look to the 200-day moving average at $71.9k for structural support.
#比特币 #BTC #比特币守于7.94万美元
BTC has held above the $790,000 area. In the past seven days it surged about 23%; the monthly gain is close to 28%. It even broke above $80,000 and hit a new high since mid-May (after a peak of 81,273, it was pushed back).
On Wednesday, it fell about 1% over 24 hours—this isn’t a crash; it’s profit-taking.
The strongest backing is institutional “real money”: The U.S. spot Bitcoin ETFs have seen net inflows for 8 straight days. Last week they pulled in $1.92 billion, the strongest since October last year. On Tuesday alone, inflows were $314 million, bringing total inflows to $54.36 billion and total assets under management to $99.05 billion. K33 Research noted that spot and perpetual contract trading volumes jumped 188%, and CME volume rose 152%. The annualized basis spread surged to 11.1%—"bullish capital is clearly back."
📈 A rarer signal: In just 4 days, Bitcoin regained the 50-day, 100-day, 200-day, and even the 200-week moving averages in one go. Historically, this pattern has only appeared at the starting point of cyclical bull markets. During the same period, shorts were liquidated by more than $220 million.
Altcoins are even crazier: XRP rose 45% week-over-week (at $1.44); ZEC rose 55% week-over-week (with the U.S. spot ZEC ETF already launched); ETH rose 29% and held around $2,465; HYPE rose 40%, breaking above $81. But when gains are this fierce, pullbacks are fast too—yesterday, this batch of leaders fell across the board.
⚠️ Two hidden risks don’t ignore: First, the daily RSI has surged to 81 and even 85.9—severely overbought. Second, macro thresholds are clustering—Q2 GDP and July PCE just came out. New Fed Chair Kevin Warsh made his first appearance at Jackson Hole this Friday. The market is pricing about a 60% probability that there will be no change in September, and some people even started betting on rate hikes. CoinDesk yesterday attributed XRP’s drop against the market to rising expectations of a rate hike.
Key watershed: If it holds $79,000, there’s still a chance to push toward $82,500 and $84,000. If it breaks, then below, you’ll have to look to the 200-day moving average at $71.9k for structural support.
#比特币 #BTC #比特币守于7.94万美元