Bitcoin and Ethereum: Future Pressure Points in the Crypto Market

The cryptocurrency market has been on a roller coaster ride over the past few months. Bitcoin’s price has climbed all the way to break through the psychological barrier of $67,000, while Ethereum’s price has also surpassed $3,200. These numbers are not only the focus of investors’ attention, but also a barometer of market sentiment. With the surge in prices, pressure and challenges from all sides have also come along. Next, we will take a deep look at the reasons behind this phenomenon, the current market dynamics, and possible pressure points in the future.

First, the surge in the prices of the two major digital currencies, Bitcoin and Ethereum, reflects the strong demand for crypto assets in the market. As the first and most well-known cryptocurrency, Bitcoin's total market value has reached hundreds of billions of dollars in a short period of time. This phenomenon has attracted the attention of not only retail investors, but also institutional investors. For example, companies such as Tesla and Square have included Bitcoin in their balance sheets, further driving the market up. At the same time, Ethereum's smart contract function has also made it occupy an important position in the application of blockchain technology, attracting a large number of developers and investors.

Behind the price increase, the change in market sentiment is a factor that cannot be ignored. Taking Bitcoin as an example, many investors have great expectations for the cryptocurrency market after experiencing the bull market in 2017. This expectation has driven the market up to a certain extent, but it has also made the market more fragile. The speculative behavior of the market has exacerbated price fluctuations and exposed investors to greater risks. We can see that many investors showed panic when prices fell back and quickly sold their assets, causing prices to fall further. Therefore, changes in market sentiment directly affect the price trend of cryptocurrencies.

In addition to market sentiment, the policy environment is also an important factor affecting the cryptocurrency market. In recent years, governments have gradually strengthened their regulatory policies on cryptocurrencies. For example, the Chinese government's crackdown on Bitcoin mining and its regulation of exchanges have had a profound impact on the market. The introduction of these policies has made some investors uneasy, leading to market fluctuations. In contrast, the regulatory policies in the United States are relatively loose, attracting a large number of investors and institutions to enter the market. For example, the change in the attitude of the U.S. Securities and Exchange Commission (SEC) towards Bitcoin ETFs has directly affected the inflow of funds in the market. Therefore, changes in regulatory policies will continue to have a profound impact on the cryptocurrency market.

When analyzing the current market dynamics, we also need to pay attention to the impact of technical factors. Bitcoin and Ethereum's network upgrades and technological iterations also have an important impact on their price trends. Ethereum's 2.0 upgrade is expected to significantly improve its network performance and reduce transaction fees, which will undoubtedly attract more developers and users. Bitcoin's protocol upgrade may affect its supply and thus affect prices. Therefore, changes in technical factors will continue to affect the supply and demand relationship in the market.

However, as the market continues to rise, investors also need to be alert to potential risks. The price volatility of Bitcoin and Ethereum is extremely high, and sharp price fluctuations in the short term may cause investors to suffer heavy losses. In addition, market speculation may also lead to the formation of price bubbles. Historically, Bitcoin has experienced many price surges and plunges, and many investors have suffered huge losses in the process of chasing profits. Therefore, investors need to remain rational and do a good job of risk control when entering the market.

Looking ahead, the cryptocurrency market will face more challenges and opportunities. With the continuous development of technology, the application scenarios of digital currencies will continue to expand, and market participants will become more diversified. However, the policy environment, market sentiment, technical factors, etc. will continue to have a profound impact on the market. While paying attention to price trends, investors also need to pay attention to the fundamentals of the market and look at market changes rationally.

In this cryptocurrency craze, every investor should keep a clear head. Although the prices of Bitcoin and Ethereum continue to rise, market volatility and uncertainty always exist. While pursuing profits, we need to pay more attention to our own risk tolerance, invest prudently, and make rational decisions. The future market will be full of opportunities, but also accompanied by challenges. I hope that every investor can find his own investment path on this thorny road.

Taking this opportunity, a well-thought-out investment strategy will be the key to success. In the cryptocurrency market, staying calm, rational, and having a keen insight into market dynamics are the magic weapon for us to remain invincible in the fierce competition in the future.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Coin Circle (120bTC.coM): Bitcoin's price trend performed well in the first week after completing the fourth halving. After breaking through $65,000 yesterday, it continued to fluctuate higher, reaching a high of $67,248 at around 7 o'clock earlier, up 3.34% in the past 24 hours.
ETH BREAKS $3,200
As for Ethereum, after successfully breaking through the highest point of US$3,200 in the early morning, it was reported at US$3,216 at the time of writing, up 2.46% in the past 24 hours.
CoinMarkeCap data shows that most of the other top ten tokens have also risen in the past 24 hours. Except for TON, which fell 2%, SOL and XRP have risen by more than 6%, and BNB has also successfully broken through the $600 mark.
Bitcoin Trend Prediction
According to the chart obtained by calculating the transaction concentration area, BTC's next relatively large pressure point is currently around US$69,500.
In addition, according to the analysis channel 10x Research, if Bitcoin can successfully set a new historical high, it is expected to reach 81,000 US dollars; but if it fails to break through, it may test the support of 52,000 US dollars.
Finally, according to Farside statistics, the net inflow of funds for Bitcoin spot ETF on the 22nd was $42.5 million. (BlackRock's IBIT has not yet updated the data)