Bitcoin hovers below the key resistance level, with analysts showing clear disagreement on the future market direction.

ME News Report, April 9 (UTC+8), Bitcoin is currently around $71,200, Ethereum at $2,185, with the overall market maintaining a range-bound fluctuation. Bloomberg analyst Mike McGlone warned that if Bitcoin cannot recover to $75,000, there is a risk of dropping to $10,000; Fundstrat founder Tom Lee believes the market bottom has already been established. In derivatives, Bitcoin futures open interest rose to 726,000 contracts, 24-hour CVD has been positive for two consecutive days, funding rates are slightly above zero, indicating a generally bullish bias; ETH, XRP, and Solana’s CVD and funding rates are slightly negative. The volatility index continues to decline, and the market expects price fluctuations around only about 2.5% before and after Friday’s inflation data. In altcoins, MANA and AERO each rose about 6%, but MANA’s increase was accompanied by a 25% surge in open interest, indicating mainly leverage-driven activity. The market is focused on whether Bitcoin can effectively break through $75,000 and establish support; if achieved, it could trigger capital rotation into the oversold altcoin sector. (Source: ChainCatcher)