⭐ BTC Today's Market Update

Technical Analysis: The daily chart clearly shows a Evening Star pattern, indicating a consolidation to evening star trend, with the body also enlarging. Although the volume hasn't gradually increased compared to previous days, it hasn't shown a clear decrease either, suggesting the overall trend remains weak. We have maintained a bearish outlook, and in the member group, we also early positioned for short positions, which are currently floating with profits. The previous support at around 75,500 on the daily chart has been broken. The key level is 74,900; breaking below this means the previously observed ascending wedge structure has been officially invalidated. On the 4-hour chart, after the price broke below 77,000, it accelerated downward, currently finding support around 75,200. The short-term moving averages are in a bearish alignment, but the 4-hour RSI has entered the oversold zone, indicating a short-term correction is needed, depending on the strength and volume changes.
Macroeconomic Perspective: Fed Governor Waller's comments on inflation stickiness and potential rate hikes add extra macro pressure at this time. The spot ETF has experienced net outflows for five consecutive days, with over $100 million outflow yesterday alone. Ethereum ETF has fallen for nine consecutive days, indicating institutional funds are indeed retreating in the short term, not just retail sentiment fluctuations. Coinbase's premium remains negative, suggesting weak domestic buying in the U.S. The Trump Media Group transferred 2,650 BTC back into Crypto, combined with its average holding price well above the current price, with unrealized losses reaching $455 million. This transfer seems more like liquidity management rather than accumulation, leaning negative.
Today’s focus:
Upper resistance: 75,500–76,000, a break and stabilization above targets 77,600
Lower support: 75,000–74,900, a break below targets 73,700
Overall outlook:
The trend is bearish; we mainly look to short on rallies. The trend favors the downside, and long positions are not recommended for now. $BTC #TradFi交易分享挑战