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Price Trend: Down approximately 4-5% over the past 24 hours, currently hovering between $1,980 and $2,005.
· Institutional Sentiment: Spot ETF has experienced net outflows for 7 consecutive trading days, totaling about $390 million, indicating weak institutional demand.
· Macro Environment: Middle East geopolitical tensions (related conflicts with Iran) have led to capital withdrawal from risk assets such as cryptocurrencies, shifting into safe-haven assets like gold.
⚖ Technical Analysis
Key Levels:
· Support: $1,911 (short-term key), $1,741 (a break below may accelerate the decline).
· Resistance: $2,108 (breaking above this can ease selling pressure), $2,389 (strong resistance).