Analysis: Market Focuses on Bitcoin's $72,000 to $82,000 "Vacuum Zone," Upward Momentum Still Awaits Confirmation
Svmuu News Bitfinex Alpha's latest report points out that Bitcoin's price action showed significant divergence last week. Although it once surged to a high of $76,000, it subsequently retreated under the influence of PPI data, the Federal Reserve's stance, and tensions in West Asia, touching a low of around $68,000 over the weekend. Despite increased short-term volatility, Bitcoin overall continues to trade above its March opening price. In contrast, the S&P 500 index exhibited more pronounced fluctuations. Market analysis indicates that if bulls possess sufficient confidence and drive the price to break through the $72,000 range, there may be an "Air Gap" above, spanning from $72,000 to $82,000. This refers to a zone with relatively sparse trading volume and resistance, where prices could potentially rise rapidly. The current market focus lies on whether macro data and geopolitical situations will continue to disrupt the performance of risk assets, and whether Bitcoin can re-establish sustained upward momentum to return to its previous high range.
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Source:Odaily · Source Link
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