#BTC #ETH 💀 Morning market analysis: Pressure at $74,000 and a strongly bullish bias (long positions) 📊
The market is under pressure again: following the release of data showing high inflation in the U.S., the 10-year Treasury yield has exceeded 5%; BTC ETFs have recorded outflows for the seventh consecutive day (with more than $201 million withdrawn from IBIT); and yesterday, Binance tightened its compliance requirements for transfers related to the MEXC exchange.
📈 Current outlook on Binance:
• The $BTC has fallen below its daily moving averages: MA(7) at $75,124, MA(99) at $77,816, and MA(25) at $78,767. It is currently trading at $74,052 (-1.07%), after hitting a low of $72,727; 24-hour volume is $1.41 billion.
• The order book shows a bias in favor of sellers (69% versus 31%), and the Fear & Greed Index has fallen to 29.
• In the futures market, investors maintain a persistent bullish stance: the BTC long/short (L/S) ratio is 2.79 (with open interest of $7.44 billion), while the $ETH (at $2,067) is at 3.24 (with open interest of $4.76 billion). There is a risk of a mass liquidation of positions (a *stop-loss* sweep) below the $72,500 and $2,000 levels.
🎯 Plan for today:
• Don’t open long positions at current levels without a confirmed reaction in volume.
• Wait for the $72,700–$73,000 zone to hold, or for a breakout and consolidation above $75,200. Keep *stop-losses* tight; discipline protects your capital. 🚬
Are you waiting for a move below $72,000, or looking to take advantage of a rebound? Share your reactions! 🔥👇 This is how things looked at 4:00 a.m.
The market is under pressure again: following the release of data showing high inflation in the U.S., the 10-year Treasury yield has exceeded 5%; BTC ETFs have recorded outflows for the seventh consecutive day (with more than $201 million withdrawn from IBIT); and yesterday, Binance tightened its compliance requirements for transfers related to the MEXC exchange.
📈 Current outlook on Binance:
• The $BTC has fallen below its daily moving averages: MA(7) at $75,124, MA(99) at $77,816, and MA(25) at $78,767. It is currently trading at $74,052 (-1.07%), after hitting a low of $72,727; 24-hour volume is $1.41 billion.
• The order book shows a bias in favor of sellers (69% versus 31%), and the Fear & Greed Index has fallen to 29.
• In the futures market, investors maintain a persistent bullish stance: the BTC long/short (L/S) ratio is 2.79 (with open interest of $7.44 billion), while the $ETH (at $2,067) is at 3.24 (with open interest of $4.76 billion). There is a risk of a mass liquidation of positions (a *stop-loss* sweep) below the $72,500 and $2,000 levels.
🎯 Plan for today:
• Don’t open long positions at current levels without a confirmed reaction in volume.
• Wait for the $72,700–$73,000 zone to hold, or for a breakout and consolidation above $75,200. Keep *stop-losses* tight; discipline protects your capital. 🚬
Are you waiting for a move below $72,000, or looking to take advantage of a rebound? Share your reactions! 🔥👇 This is how things looked at 4:00 a.m.
