If you hold 100,000 USD, now BTC is worth your attention!
Currently, the BTC price is fluctuating between 66,000 and 66,500 USD. From the 4-hour candlestick chart, the price has retraced from the previous high near 72,000 to a low around 65,500, showing a slight recovery, but overall it is still in a fluctuation channel with no obvious breakout.
The liquidation heatmap shows that there is a concentrated area of long leverage around 65,000 to 67,000 USD, and the price fluctuations may be relatively large in the short term.
Macro-wise, the Federal Reserve is currently maintaining a high interest rate, and inflation pressures and geopolitical uncertainties continue to affect risk assets. The strong dollar also puts certain pressure on BTC in the short term. However, systemic risks have not yet emerged.
On the fundamental side, institutional funds are still slowly positioning at low levels. ETFs have shown signs of warming up recently, with decent inflow sizes on some days. On-chain data shows that large whales are gradually accumulating positions, and the proportion of long-term holders is relatively high, providing some support to the market.
From a technical perspective, the moving averages on the 4-hour chart are quite entangled, the MACD momentum is weak, and the RSI is at a neutral position, indicating that the rebound is not strong. Currently, the price is close to the lower Bollinger Band, with short-term support at around 65,500-66,000, and resistance at 68,000-70,000. If it can stabilize at 66,500, there may be a chance to test upwards; if it breaks below 65,000, caution is needed for further adjustments.
Overall, the market is still in a corrective adjustment phase under macro pressures; this rebound is more of a corrective nature rather than a trend reversal. At this stage, we need to be patient and observe and position slowly.
Market opportunities for $BTC have always required discipline and patience. Follow me, Lao Xu will continue to monitor the dynamics of the Federal Reserve, ETF fund flows, and changes in on-chain data.