Bitcoin successfully broke through the $71,500 mark, with a 24-hour increase of 5.61%.
This wave of rise is undoubtedly a victory for the bulls. In the past few days, the price of Bitcoin has been rising steadily, attracting a lot of attention from investors.
Of course, the volatility of Bitcoin also reminds us to remain rational. But in the long run, this wave of gains once again demonstrates the appeal of Bitcoin as a safe-haven asset. Against the backdrop of rising global economic uncertainty, Bitcoin's safe-haven properties are gradually emerging.
This is an exciting moment for investors who hold Bitcoin. With more and more institutional funds flowing in, Bitcoin still has a lot of room to rise. Although there may be fluctuations in the short term, in the longer term, this breakthrough may just be the beginning of further gains for Bitcoin. In the future, Bitcoin may bring even bigger surprises!
#BinanceBlockchainWeek
Bitcoin: Yesterday's K-line closed with a small bullish candle, marking three consecutive days of gains, indicating market sentiment is leaning towards the bulls. In terms of technical indicators, the MACD is gradually expanding upwards, showing that bullish momentum is slowly accumulating; the RSI is close to 70, suggesting strong upward momentum. Even a slight pullback in the short term is normal, and there is a high probability of continued upward movement. Current resistance level reference range: 73000-75000.
Ethereum: Following Bitcoin's trend, resistance level reference: 2868; 3102.
Doge: Musk promotes Dogecoin again, rising 15 percentage points in 24 hours, approaching 0.165 USDT, but do not chase the high.
Altcoins: Meme coins are performing strongly, while others mainly show correlation. Bitcoin's market capitalization ratio remains high, and it is expected that after a strong breakout by Bitcoin, there may be a surge in altcoins, but patience is still required.
Today's Fear and Greed Index: 72 (Greed)
