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Reasons for BTC's sharp rebound: 1: The U.S. Treasury expanded bond buybacks, causing Bitcoin and gold to strengthen together as anti-inflation assets. Keep an eye on NVIDIA's earnings report this Wednesday, which could serve as a key macro turning point. Positive earnings might further boost the crypto and storage markets. 2: BTC ETF saw a net inflow of nearly $2 billion last week. Coinbase premium turned green, signaling retail investors shifting from panic selling to buying in. The market is being driven by a combination of short squeezes and spot inflows. Let’s talk technicals: BTC weekly outlook: Last week closed with a strong bullish candle, breaking through multiple bearish candles and forming a bullish "door structure." Comparing to historical patterns, there’s a possibility of a false breakout above the previous high of $82,500, followed by a gap fill with a long lower shadow before the bull market resumes. Bitcoin faces heavy resistance at $82,000-$83,000. It’s worth considering low-leverage shorts at this level, as there’s a significant amount of trapped positions here, making it hard to break through in one go. This area is likely to become a reversal zone. On the daily chart, there’s a considerable risk of a pullback; after the sharp rally, an equally sharp drop may follow.
