Can the oversold ENA rebound to $0.24?
1OpportunityBullishGlobal liquidity rotation
2RiskMediumETF outflows pressure
3ActionBullishRange trading setup
đŻ Opportunity (Bullish đ)
Macro tailwinds strengthen BTC appeal: Global equity rotation away from the U.S. could attract liquidity into Bitcoin (BTCâŻââŻ88,200âŻUSDT) and other digital assets as investors seek diversification amid rising global growth.
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đš Risk (Medium đ€)
ETF outflows weigh on sentiment: U.S. spotâŻBTCâŻETF registeredâŻ1.72âŻBâŻUSDâŻoutflows, fearâgreedâŻindexâŻ=âŻ26, and daily RSI holdsâŻnearâŻ42âconditions pointing to lingering downside volatility.
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⥠Action (Bullish đ)
Rangeâbound accumulation: Shortâterm longs favored nearâŻsupportâŻââŻ85âŻ000âŻUSDT, targetingâŻ95âŻ000âŻUSDT, with tight stopâloss belowâŻ84âŻ500âŻUSDT. Midâterm accumulation betweenâŻ85âŻ000â88âŻ000âŻUSDT is suitable for building positions towardâŻ100âŻ000âŻUSDT targets as ETF outflows normalize.
BTCâŻââŻ88âŻ200âŻUSDTâŻ(BullishâŻđ)
Shortâterm Plan
Direction: LongâŻđ
Entry:âŻ85âŻ000âŻUSDTâŻ(40âŻ%âŻposition)
Stopâloss:âŻ84âŻ500âŻUSDT
Takeâprofit:âŻ95âŻ000âŻUSDT
Midâ toâŻLongâterm Plan
Direction: LongâŻđ
EntryâŻzone:âŻ85âŻ000âŻââŻ88âŻ000âŻUSDT
Stopâloss:âŻ83âŻ000âŻUSDT
Takeâprofit:âŻ100âŻ000âŻUSDT

