#Alpha Points System Opens# #Ethereum 10th Anniversary# #BTC & ETH Launchpool Yield Exceeds 3%#


Bitcoin (BTC) Market Overview

Current Price: ~$61,200

24h Change: +1.3%

Market Cap: ~$1.2 Trillion

Volume (24h): ~$28 Billion

Dominance: 52.6%

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🔍 Technical Analysis

1. Price Structure

BTC is recovering after recently retesting support near $59,000.

Currently trading inside a short-term rising channel, targeting a potential breakout above $62,500 resistance.

2. Key Support and Resistance Levels

Support: $59,000 and $56,800

Resistance: $62,500 and $65,200

3. Moving Averages

50 EMA: Acting as dynamic support around $60,300

200 EMA: Still bullish, resting near $56,500

4. RSI (Relative Strength Index)

RSI is at 57, suggesting a neutral to slightly bullish momentum. Room available for further upside before overbought territory.

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🧠 Market Sentiment

Fear & Greed Index: 60 (Greed) – Optimism is slowly returning.

Funding rates on futures are neutral to slightly positive, showing healthy buying interest without overheating.

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📰 Fundamentals and Catalysts

ETF Flows: Spot Bitcoin ETFs continue to attract modest inflows, showing sustained institutional interest.

Macroeconomic Outlook: Traders are watching the upcoming US job data and inflation reports, which could impact the Fed's next rate decision.

Altseason Watch: BTC dominance is slightly falling, which may suggest capital rotating into altcoins.

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📈 Short-Term Outlook (This Week)

Bullish Scenario: If BTC breaks and closes above $62,500, it could retest the $65,000–$66,000 zone.

Bearish Scenario: A rejection could bring it back toward the $59,000–$58,000 support range.

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🔚 Conclusion

BTC is in a consolidation phase with bullish potential. Watch for a breakout above $62,500 for confirmation of short-term upside. However, risk remains from macroeconomic triggers, so risk management is key.
ETH-2.39%
BTC-1.65%
OP-6.45%
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Abassivip
· 14h ago
maafi
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Abassivip
· 14h ago
good 👍🏽
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Qureshi22vip
· 14h ago
1000x Vibes 🤑
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Qureshi22vip
· 14h ago
Bull Run 🐂
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Qureshi22vip
· 14h ago
HODL Tight 💪
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Qureshi22vip
· 14h ago
Bull Run 🐂
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Qureshi22vip
· 14h ago
good post
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DragonFlyOfficialvip
· 08-04 01:10
Bull Run 🐂
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ShainingMoonvip
· 08-04 01:03
Bull Run 🐂
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ShainingMoonvip
· 08-02 14:21
good 😊
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