Bitcoin’s price is shooting through the roof, hovering near $100,000 like it owns the place. But the actual activity on the Bitcoin network?
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Bitcoin Navigates Macro Storm as China Deflation Dampens Risk Appetite
Bitcoin’s recent struggle reflects heightened uncertainty from U.S.–China trade talks and China’s deflationary signals, which dampen risk appetite and reinforce BTC’s correlation with global markets.
These macro headwinds could cap upside potential, but BTC’s role as a hedge against economic instability may attract dip-buyers if trade tensions ease.
Investors should monitor $100,000 as critical support and $107,000 as resistance, with a break above signaling renewed bullish momentum.
BTC may trade between $100,000–$108,000, with volatility driven by trade talk outcomes and ETF net flows.
A close above $105,000 could spark a rally toward $110,000, but persistent risk-off sentiment risks a dip to $96,000.
ETH is likely to range between $2,400–$2,800, with trade tensions and deflationary pressures limiting gains.
Network upgrades and ETF inflows could support a push toward $2,700, though a broader market sell-off may test $2,300 support.
Ryan Lee, Chief Analyst at Bitget Research
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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