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#BTC & ETH Weekend Analysis#
Bitcoin Market Outlook: On-Chain and Technical Insights
Recent on-chain metrics show a rebound in Bitcoin’s network activity, with both address usage and transfer volumes on the rise. This uptick suggests growing confidence among long-term holders, who continue to accumulate despite increased exchange inflows seen in early April—an indication of heightened short-term selling pressure.
USDT transfer volumes have also climbed, pointing to liquidity waiting on the sidelines, potentially positioning for the next major move.
From a technical standpoint, the market remains volatile, with increased correlation between Bitcoin, Ethereum, and the S&P 500—highlighting the influence of macroeconomic trends on short-term price action.
Momentum indicators like RSI and Stochastic Oscillator are beginning to flash oversold signals, hinting at the possibility of a short-term rebound. Still, confirmation of a broader trend reversal will depend on whether Bitcoin can break through key resistance levels.