Viewpoint: Bitcoin bullish sentiment is strong, there may be a short-term correction
Greeks.live released a community newsletter, with the market maintaining a bullish trend overall. It is expected that Bitcoin will continue to rise, with a key support level at $110,000 and short-term target at $120,000, and long-term target at $150,000-$200,000. Analysts predict that there may be a retracement to the $100,000-$103,000 range before reaching a new high. It is worth noting that the negative funding rate indicates a large number of short positions, which may trigger a short squeeze and further push up prices. Meanwhile, Ethereum has shown relatively weak performance, failing to follow Bitcoin in reaching new highs, with a target price of $3,000. Reports suggest that Ethereum whales have become more cautious about selling bullish options after experiencing market fluctuations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Security Breach: Cetus Protocol Offers Bounty for Stolen Funds
U.S. Representative Waters Launches ‘Stop TRUMP in Crypto Act’
SEC Postpones Decision on Crypto ETFs Amid Uncertainty
Tom Emmer Reintroduces Bill for Crypto Regulatory Clarity
Trending news
MoreCrypto prices
More








