Matrixport: From a technical perspective, Bitcoin may retreat to its nearest support level of $73,000
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Odaily reported that Matrixport released a chart today, indicating that Wall Street has become an important player in , and 's 60% market dominance remains a key benchmark for the crypto market, with institutional trading behavior increasingly impacting its price trend. Concerns over the potential delay of six months in Trump's proposed tariffs and strategic reserve plan may be one of the reasons for the current technical top formation on the chart. BlackRock's IBIT ETF closely tracks the price fluctuations of , and it witnessed an important trading day with a trading volume of $5.1 billion, which, although not the highest, is still a considerable figure. From a technical perspective, may retrace to its recent support level of $73,000, which is in line with the IBIT ETF's position of around $40.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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