Bitcoin has dipped near $75,500, diverging sharply from record-high global equities. Analysts are watching for Bitcoin's impending 'golden cross,' a bullish technical signal where the 50-day moving average crosses above the 200-day. However, concerns linger due to $1.74 billion in U.S. spot Bitcoin ETF outflows over two weeks and increased retail leverage, which could trigger liquidations.
Ether's resistance at $2,400 is also a key focus, with a decisive break potentially attracting institutional interest. The SEC's approval of bitcoin index options could further influence institutional participation. This mixed technical outlook, contrasting with a strong equity market performance, leaves traders weighing potential upside from the golden cross against immediate downside risks from market sentiment and leveraged positions.
