#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).
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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Discoveryvip
· 12-14 09:37
DYOR 🤓
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