Mercato

Bitcoin is now trading at $121,841, up 2.17% on a daily basis, with a high of $124,497.5 and a low of $119,090.9, with a volume of over $2.1 billion, with strong momentum but a fear and greed index of 79, indicating a short-term risk of a correction. Support is at $119,090 and resistance is at $124,500. Ethereum is trading at $4,737.31, up 1.98% on a daily basis, with a volume of $1.4 billion, support at $4,608 and resistance at $4,786. Institutional funds continued to flow in, with Canada's LQWD increasing its holdings of BTC to 166. It is necessary to be vigilant against systemic, liquidity and regulatory risks, and the short-term rally may continue, but it should be operated with caution in the face of extreme greed. (Click to view the full article)
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