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Bitcoin current price hovers around 92,532 USDT. The Fear & Greed index shows a level of 42, indicating fear, but this precisely provides opportunities for discerning traders. From a technical perspective, the daily chart has successfully broken above the 200-day moving average (90,000 USDT), which is not only a technical breakthrough but also a signal of a market psychological shift. The head and shoulders bottom pattern is fully confirmed, with the next target pointing to $150,000–$180,000, implying a potential upside of approximately 60–95% from the current price.
Fundamental support remains strong. Institutional funds continue to flow in net, and demand for spot ETFs remains high, reflecting large capital's recognition of Bitcoin's long-term allocation value. On the macro level, expectations of Federal Reserve easing, a weakening US dollar index, and rising global risk aversion further reinforce Bitcoin's status as "digital gold."
On-chain ecosystem also reports good news—whale addresses remain stable, daily active addresses have surpassed the one million mark, and network hash rate stays at a record high. These indicate network security and user engagement are solid. Although trading volume is relatively low in the short term, the RSI (55) is far from overbought, and the MACD has already formed a golden cross. Price and volume are well aligned, which usually suggests the continuation of an upward trend rather than a reversal.
In terms of operation, consider building positions in batches around 90,000 USDT, with a stop-loss set at 88,000 USD. Short-term targets are set between 95,000 and 100,000 USD, with a bullish outlook on the medium to long term. If a breakthrough occurs smoothly, a new super cycle could emerge by 2026. Of course, macro volatility risks always exist, so position management and risk control remain top priorities.