source avatarSignalBoat

Share

- Current BTC price holding around $64,000, supported by ETF flows and retail leverage buying. - Market sentiment shows cautious optimism, influenced by potential pro-crypto legislation. - Warning signs persist: very low bid/ask sizes signal indecision in the spot market. - Open interest remains weak, indicating lack of fresh buying interest. - Traders are targeting $66,000 in the short term but expect potential movement towards $60,000 first. - Long-term outlook remains uncertain; targets could adjust based on evolving market conditions. #Bitcoin $BTC #Crypto

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.