BTC daily closed at 72,965; this rebound looks lively, but in reality it’s still just a “brief flicker of light.”

When it was pushed up from 65,000, right after it just touched the 73,000 resistance level, trading volume started to fall behind.

At the daily level, the MA5/10 golden cross looks good, but the overhead MA120 (77,978) bearish pressure hasn’t been broken yet, and on the 4-hour timeframe, a top divergence pullback could happen at any time.

Now the market is a classic case of “sentiment warming up but conviction is lacking.” ETF capital inflows have just started to improve a bit, but then geopolitical news crushed it.

Don’t be fooled by the short-term red candles; whether this rebound can continue mainly depends on whether the 70,000-71,000 support can hold. Once it breaks, it will trigger a brand-new round of waterfall declines.
#BTC #加密货币 #市场分析