TechFlow news, May 22 — Greeks.live released a community briefing stating that the overall market maintains a bullish trend, with expectations for Bitcoin to continue rising. Key support is at $110,000, short-term target at $120,000, and long-term targets between $150,000 and $200,000. Analysts anticipate a potential pullback to the $100,000–$103,000 range before reaching new highs. Notably, negative funding rates indicate a significant number of remaining short positions, which could trigger a short squeeze and further drive prices upward. Meanwhile, Ethereum has shown relative weakness, failing to follow Bitcoin in reaching new highs, with a target price of $3,000. Reports suggest that Ethereum whales have become more cautious about selling call options following recent market volatility.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
