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BTC is currently trading at $96,701 USD, with a 24-hour increase of 1.72%.
From on-chain data, the whale activity this time is quite aggressive—net addition of over 32K BTC, with bullish dominance reaching 48.4%. This indicates that large investors are continuously buying, and institutions (like MicroStrategy) are steadily increasing their positions. Meanwhile, the enthusiasm for ETF entries remains high, with an inflow of $7.53 billion USD, showing that traditional funds still have strong confidence in BTC.
In the short term, there are three possible directions.
**Optimistic Scenario**: If it can break through the 97,500 USD resistance at the 50-week EMA, it could head straight for 98,000-100,000 USD, with a chance to reach 102,000-103,000 USD. In this case, institutional demand will be the main driver, and there is indeed room for short-term upward pressure.
**Moderate Scenario**: Fluctuating within the 95,000-97,000 USD range, with community sentiment currently at 81% bullish, indicating support. However, macroeconomic sudden changes could catch you off guard.
**Downside Risk**: If it falls below 95,000 USD, support levels will weaken significantly, possibly retesting the low of 94,000 USD.
Overall, the probability of an upward move is about 60-70% (based on predictive market data), but tonight's volatility could be quite high. It is recommended to closely monitor ETF capital flows and whale wallet movements, as these two factors are often leading indicators of market trends.