This round of rebound was initiated by Bitcoin. Over the past few days, BTC has been consolidating in the 101,000–103,000 USD range, and today the bulls have broken through key resistance, approaching 107,000 USD. The technical indicators show that the price has re-established itself above the short-term moving averages and the 20-day support zone, with clear bullish signals.
In terms of institutional funds, according to on-chain tracking data, some long-term wallets have begun to accumulate BTC again, indicating that the confidence of medium and long-term investors in price stabilization is recovering.
Apart from Bitcoin, Ethereum (ETH) continues its upward trend, currently around $3,630, with a daily increase of about 3%. Solana (SOL) and Avalanche (AVAX) have increased by 5% and 4.8% respectively, with the overall L1 ecosystem heating up.
Some AI concept coins and DeFi sector tokens have also risen, with clear signs of capital inflow, and market capital activity has significantly increased compared to yesterday.
Analyzing the current trend, the market rise is mainly driven by three factors:
In addition, exchange fund data shows that Bitcoin net inflows exceeded $200 million in the past 24 hours, indicating that buying momentum is returning.
From a technical chart perspective, after BTC broke through $105,000, the market focus has obviously shifted upwards. If the bulls maintain this range, the short-term target may point to $108,000–$110,000; however, if the volume is insufficient and a pullback occurs, one must be wary of the possibility of returning to the $103,000 area.
The MACD indicator has formed a golden cross signal, and the RSI is around 62, indicating that market momentum remains strong but there is a slight overbought condition in the short term.
The Crypto Fear & Greed Index rose to 62 today, moving up from the “neutral” zone a few days ago to the “greedy” range, indicating a clear increase in market risk appetite. Social data also shows that discussions related to Bitcoin have increased by 15% compared to the previous period, with retail traders becoming active again.
Overall, the crypto market today shows a “capital inflow + price correction + improved sentiment” triple resonance pattern. If the macro environment continues to improve, Bitcoin is expected to further challenge previous high positions, driving Ethereum and major altcoins into a new round of upward cycles. However, short-term fluctuations should not be ignored, and investors should rationally allocate their positions and strictly control their holdings.
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