· Key Level to Hold: $60,000 🛡️ (major psychological & technical support). · Next Major Resistance: $
3. Technical Perspective 📐
· Testing the lower bounds of a large consolidation range. ⬇️ · A break below
1. Current Snapshot (Late April 2024) 📊
· Price: ~e between $59,000 and $72,000) · Trend: Short-term The exuberant greed of March has cooled. · Key Level to Hold: $60,000 🛡️ (major psychological & technical support). · Next Major Resistance: $68,000 - $70,000 🚧.
2. · Liquidity Drain 🏦➡️🚱: The end of easy money is a headwind for
4. The Bull Case vs. The Bear Case 🐂🤝🐻
· Bull Case 🐂: Halving supply shock is just beginning. 🌊 · Bear Case 🐻: Macro conditions worsen (stagflation). 📛 ETF inflows stall. Post-halving sees a prolonged "miner capitulation." 📉
Bottom Line ⚡
The market is in a high-stakes tug-of-war 🤼♂️.
· On one side: Historic supply shock (Halving) + Institutional adoption (ETFs). 💪 · On the other side: Tighter global monetary policy. 🏛️🔒
The next major move ⚠️⏳
---
Disclaimer: This is for informational purposes only and not financial advice. Always do your own research (DYOR). 🔴 · Reclaiming $67K and then $70K is needed to restart bullish momentum.
4. The Bull Case vs. The Bear Case 🐂🤝🐻
· Bull Case 🐂: Halving supply shock is just beginning. 🚀 ETF demand will re-Post-halving sees a prolonged "miner capitulation." 📉
Bottom Line ⚡
The market is in a high-stakes tug-of-war 🤼♂️.
· On one side: Historic supply shock (Halving) + Institutional adoption (ETFs).
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#PostToWinNESS The exuberant greed of March has cooled.
· Key Level to Hold: $60,000 🛡️ (major psychological & technical support).
· Next Major Resistance: $
3. Technical Perspective 📐
· Testing the lower bounds of a large consolidation range. ⬇️
· A break below
1. Current Snapshot (Late April 2024) 📊
· Price: ~e between $59,000 and $72,000)
· Trend: Short-term The exuberant greed of March has cooled.
· Key Level to Hold: $60,000 🛡️ (major psychological & technical support).
· Next Major Resistance: $68,000 - $70,000 🚧.
2.
· Liquidity Drain 🏦➡️🚱: The end of easy money is a headwind for
4. The Bull Case vs. The Bear Case 🐂🤝🐻
· Bull Case 🐂: Halving supply shock is just beginning. 🌊
· Bear Case 🐻: Macro conditions worsen (stagflation). 📛 ETF inflows stall. Post-halving sees a prolonged "miner capitulation." 📉
Bottom Line ⚡
The market is in a high-stakes tug-of-war 🤼♂️.
· On one side: Historic supply shock (Halving) + Institutional adoption (ETFs). 💪
· On the other side: Tighter global monetary policy. 🏛️🔒
The next major move ⚠️⏳
---
Disclaimer: This is for informational purposes only and not financial advice. Always do your own research (DYOR). 🔴
· Reclaiming $67K and then $70K is needed to restart bullish momentum.
4. The Bull Case vs. The Bear Case 🐂🤝🐻
· Bull Case 🐂: Halving supply shock is just beginning. 🚀 ETF demand will re-Post-halving sees a prolonged "miner capitulation." 📉
Bottom Line ⚡
The market is in a high-stakes tug-of-war 🤼♂️.
· On one side: Historic supply shock (Halving) + Institutional adoption (ETFs).