Bitcoin is fluctuating around the range of ~86,000–88,000 USD, with no significant strong fluctuations and mainly moving sideways / slightly consolidating in the short term. The price remains above the main support level of ~85,000 USD but has not yet broken out clearly. Binance+1
📉 Market Sentiment
The cash flow from Bitcoin ETFs has recorded net withdrawals, reflecting caution and concern among institutional investors. The Economic Times
Technical analysis and market sentiment show that sentiment is at a negative / “fear” level, meaning investors are cautious and prefer to hold cash or safer assets. Bitcoin Magazine
🔍 Macroeconomic Factors & Impacting News
Recent US economic data has lowered expectations for interest rate cuts, removing a supporting factor for risk assets like Bitcoin. Barron's
Forecasts from organizations like Standard Chartered have lowered their price targets for 2025, reflecting a downward trend in short-term expectations. MarketWatch
🧠 Quick Conclusion
👉 Short-term Trend: the market is sideways/narrowly fluctuating, lacking clear breakout momentum. 👉 Risks: negative sentiment still exists and institutional capital has not yet returned strongly. 👉 Opportunities: if the support level of ~85,000 USD is maintained and there is good news or ETF cash flow returns, it could create a short-term bottom. 👉 Long-term Perspective: there are still divergent views — some organizations expect strong increases next year, but this depends on large capital flows and the evolution of monetary policy.
The essence of trading is surfing the waves; if you miss this wave, wait for another one. Don't chase when the price is running ✨ It's still the FVG H4 setup
Marcap
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Technical analysis a lot, Just to ease the pain 😅😅😅 $BTC