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Driven by the expectation of achieving inflation soft landing due to the US interest rate cut and the stimulus of China's interest rate cut, and within just two days, the BTC Spot ETF has attracted a total of $250 million in fund inflows, and BTC continues to pump.
The key technical factor supporting the bullish trend is the sustained compression of BTC volatility. In the current market time frame of BTC, it has experienced a pump and is above the MA200. If the price can ensure a stable pump trend and decisively stabilize above the MA200, it will fully confirm the breakthrough, achieve a bull flag pattern, and lay the foundation for $70000, looking towards higher levels.
However, it is important to follow the downtrend resistance level at 66200 US dollars from the high point of 73800 US dollars and the concentrated sell wall near 66K, which may bring short-term downward pressure. Similarly, follow the support at 63800 US dollars and 63400 US dollars, breaking which may lead to the price returning to a neutral level, emphasizing the importance of traders' viewpoints. #比特币行情#