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#Bitcoin market comprehensive positive analysis
📊 1. Macroeconomic and financing factors
Federal Reserve policy: Interest rates remain high, expectations for a rate cut in June are low, and the U.S. dollar is relatively strong. The negative impact has been partially digested, easing the pressure on Bitcoin.
ETFs: Outflows from spot ETFs have slowed and are starting to show signs of stabilizing. Short-term support for organizations ranges from $75,500 to $76,000.
Bitcoin Whales and Blockchain Data: Bitcoin whales are holding stable for the long term, trading balances are at seven-year lows, token freezes are in good shape, and spot selling pressure is very weak. The current pullback is a consolidation, not a reversal.
Market sentiment: Fear and greed index rose to neutral territory. 24-hour long and short positions are balanced, market expectations have declined, and expectations of bottoming out have increased.
📈 2. Accurate technical analysis
Daily chart: The price stabilizes above the 50-day moving average ($73,500), the MACD golden cross continues, the green column shrinks, the lower Bollinger Band at $75,000 provides strong support, and the RSI is at 54 (neutral). The medium-term upward trend remains.
Four-hour chart: Price is trading between $75,500 and $76,500. The moving averages are flattening, the bearish trend has weakened, MACD presents a golden cross, the green column shrinks, and the RSI is at 48 (neutral), indicating obvious bottom characteristics.
Hourly chart: The moving averages are intertwined and oscillating. Low volume during the decline and moderately high volume during the rebound indicate exhaustion of downside momentum as buyers attempt to stabilize and mount a counterattack.