#本周第一单

My first trade of the week

Direction: Short

Leverage: 20X

Open position at: 75,000

Add position at: 76,500

Stop loss at: 79,000

Bitcoin's current price is approximately 74,720 USDT, down 0.63% in 24 hours, up about 0.77% over 7 days, and roughly 10% over 30 days. The current market cap is about 1.5 trillion USD, firmly holding the top spot in the cryptocurrency market.

Technical analysis shows that BTC is oscillating within the 73,700 - 76,200 USDT range. Both the 15-minute and 4-hour timeframes indicate a bullish trend, with RSI showing a bullish divergence signal, suggesting weakening downward momentum. However, recent volume-driven declines warrant caution for short-term volatility risks.

Recent positive factors

Institutional accumulation continues: The US Bitcoin ETF has seen nearly $1 billion net inflow for the third consecutive week, with institutions like BlackRock and Morgan Stanley continuing to buy.

Tether accumulation: Tether recently transferred 951 BTC (about $70.5 million) into reserve wallets.

Market sentiment is relatively positive: The fear and greed index shows a predominantly bullish sentiment (69% positive vs. 16% negative).

Recent negative factors

Iran denies participation in the second round of US-Iran talks.

Listed mining companies sold over 32k BTC in Q1, reaching a new quarterly high, reflecting operational pressure on miners.