The market is currently driven heavily by Spot Bitcoin ETFs. Large financial institutions in the US and globally are buying and selling BTC daily on behalf of their clients.
Today's Focus: Traders are watching the "Net Inflow"—if more money is entering these funds than leaving, the price usually remains bullish (positive). 2. Technical Resistance & Support Bitcoin is currently testing some "psychological" price barriers. Resistance: There is a "ceiling" price that BTC is struggling to break through. If it breaks this today, we could see a massive "rally" (price jump). Support: On the flip side, there is a "floor" price. If it drops below this, traders expect a further dip, which many see as a "Buy the Dip" opportunity.
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The market is currently driven heavily by Spot Bitcoin ETFs. Large financial institutions in the US and globally are buying and selling BTC daily on behalf of their clients.
Today's Focus: Traders are watching the "Net Inflow"—if more money is entering these funds than leaving, the price usually remains bullish (positive).
2. Technical Resistance & Support
Bitcoin is currently testing some "psychological" price barriers.
Resistance: There is a "ceiling" price that BTC is struggling to break through. If it breaks this today, we could see a massive "rally" (price jump).
Support: On the flip side, there is a "floor" price. If it drops below this, traders expect a further dip, which many see as a "Buy the Dip" opportunity.