BTC is currently in a strong spot market trend (driven by ETF inflows); recently, both the S&P 500 and NASDAQ have hit fresh highs, seemingly numb to the oil crisis. This situation is like last year’s very reliable trade war over tariffs.



Current funding rates show that derivatives traders are generally bearish, which increases the likelihood of moving upward to fill the liquidity vacuum. 76300 is the turning point of February’s sharp sell-off, and it has already been touched today. 84800 is a big gap at the end of January—worth being wary of, but it’s still far away.

ETH, meanwhile, faces a “life-or-death” threshold at 2400; if it can’t break through, the liquidation buildup below around 2000 will attract the price to fall back like a magnet.

At present, the daily MA120 is at 77000 and 2435 respectively, creating overhead pressure. Today is Friday. On a pullback, 74000 and 2280 are expected. $BTC
BTC5,22%
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