Bitcoin & Ethereum at Must-Hold Levels: 112k–114k Range Defines the Next Move || Daily News
Powell’s cautious tone weighs, ETF flows diverge, and leveraged shorts pile in
🪙 Crypto Market
Bitcoin slipped back toward the week’s lows after Jerome Powell downplayed the certainty of further Fed cuts. The move wasn’t shocking but did trigger another test of demand and flushed out weak longs.
ETF data showed mixed signals: BTC outflows were modest, far lighter than Monday’s spike, while ETH outflows almost doubled versus earlier in the week.
📊 Bitcoin Technicals
BTC sits on critical support.
112k is the line in the sand.
A daily close above 114.6k is needed to shift momentum.
Failure could open a retest of the 200-day MA near 104k.
🟣 Ethereum Technicals
ETH faces similar pressure:
4,000 USD is key support. A break risks a slide to 3,700–3,600 USD.
A bounce from those levels could still set up a path toward 6,000 USD, provided stops are placed under the yearly pivot (~3,200).
Reclaiming 4,220 USD would suggest the bottom is already in.
📈 Positioning & Sentiment
Leveraged traders are stacked short on both BTC and ETH, increasing the odds of a sharp reversal.
Shorts built up around 116k (BTC) and 4,450 (ETH).
On Bitfinex, BTC shorts have overtaken longs for the first time since the 84k zone.
Retail, however, is leaning bullish — expecting rebounds toward 117k BTC and 4,600 ETH. History suggests this contrarian setup could mean one more dip before recovery.
⚠️ Risks
Breaking 111.6k BTC / 4,000 ETH could trigger heavy liquidations and extend losses.
ETF outflows remain a headwind if sustained.
Crowd optimism on ETH recovery may set up a final flush toward 3,600 USD.
📌 Key Takeaways
BTC needs a daily close >114.6k to stabilize.
ETH defending 4,000 USD is critical — 3,600 USD risk if lost.
Shorts piling in = fuel for a squeeze, but timing remains uncertain.
Sentiment reset + negative funding could aid a rebound.
🎯 Strategy Snapshot (levels only, not advice)
Short-term bias: Long from 115k, stop 107k, target 140k.
Medium-term bias: Break >117k–120k confirms upside momentum.
Long-term bias: Cycle still projects 180k–230k if key supports hold (72k floor).