BTC rose 3.2% in 24 hours, leading the market! Two major indicators turned yellow, 11.76 Can US$10,000 be broken?

Nakamoto 2025-10-27 16:32 26907人围观 BTC

👆Follow me to share Web3 cutting-edge news every day👆Jinqun+Q: 3846328374 Bitcoin (BTC) has been on a strong trend recently, in the past 24 It rose by 3.2% per hour, driving the entire cryptocurrency market to rise by 3.7%. The cumulative increase in the

👆Follow me to share Web3 cutting-edge news every day👆Jinqun +Q: 3846328374
Bitcoin (BTC) has been on a strong trend recently, rising 3.2% in the past 24 hours, driving the entire cryptocurrency market to rise 3.7%. The cumulative increase in the past month is about 5%, and the upward momentum has gradually improved. However, the decline in the number of whales and the slowdown in exchange capital outflows have shown changes in two major indicators, which may put pressure on the next round of rise. The current breakthrough of the key resistance of $117,600 is crucial.

1. Whales leave the market + capital inflows slow down and buying intensity weakens

There are hidden worries behind the market's rise. In terms of whale behavior, the number of whale entities holding more than 1,000 BTC fell to a three-month low of 1,350. It has continued to decline since October 14. After the local high on October 14, BTC once retreated from US$115,000 to US$106,400 (a decrease of 7.4%). This phenomenon implies that some large investors are taking profits.

(Data source: Glassnode)

The current market buying is mainly driven by retail investors, with insufficient institutional participation. In terms of capital flow, net outflows from exchanges have slowed down significantly. On October 15, there was a strong outflow of 111,720 BTC. By October 26, it had dropped to 54,643 BTC, a decrease of approximately 51%.

(Data source: Glassnode)

Although funds are still showing net inflows, the weakening intensity of inflows means that short-term buying pressure has declined, and the possibility of a sell-off callback cannot be ruled out.
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2. RSI bullish divergence + pattern breakthrough, technical support is still available

The technical picture shows positive signs. The relative strength index (RSI) has continued to form higher lows since mid-October, and even a brief dip in prices has not broken this trend, forming a bullish divergence, indicating that sellers are gradually running out of momentum and buyers are gradually returning. Morphologically, BTC has confirmed a downward wedge breakout, and the current price remains above $111,000, approaching $114,900. The technical structure supports subsequent increases. If the closing price on the daily chart can break through the key resistance level of $117,600, it is expected to advance to $121,400, $126,300, or even hit a record high of $134,100, with a potential increase of 20% from the current level of $111,000.

Bitcoin Price Analysis

(Data source: TradingView)
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3. The boundaries between long and short are clear, and the key price determines the direction.

BTC’s current long-short game has a clear focus. On the upside, $117,600 is the core resistance, and a breakthrough will open up greater room for upside. ； On the downside, US$112,200 is an important support level. If it fails to hold, it may trigger a deeper correction. The next key support level is US$108,900. If it falls below this level, it may further drop to US$103,500 (the previous strong support level).

The current market presents a contradictory state of technical bullishness and weakening financial momentum. For subsequent trends, we need to focus on the breakthrough of the resistance of $117,600 and whether capital inflows can pick up. We still need to be vigilant about short-term fluctuation risks.

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