# Bitcoin Breaks Through $75,000: Sentiment Not Reversed, Short-term Resistance Ahead, Long-term Support Below



Bitcoin surged 3.4% in 24 hours and accumulated 8.74% gains over 7 days, breaking through $75,000, primarily driven by enterprise-level buying (such as MicroStrategy adding 18,000 BTC at $1.28 billion) and technical breakthrough of the $70,000-$73,000 resistance. However, market sentiment has not reversed: the Fear & Greed Index remains in "extreme fear" (23), with short-term caution needed regarding pullback risks at the $75,000-$76,000 strong resistance zone.

## Key Drivers: Enterprise Buying + Technical Breakthrough

- **Enterprise Buying Signal**: MicroStrategy, as the world's largest corporate BTC holder (cumulative 783,000 BTC), increased its holdings at an average price of $70,900/BTC through an ATM equity offering, signaling long-term accumulation confidence.
- **Technical Setup**: Daily chart shows an ascending channel; after breaking through $70,000-$73,000, it's challenging $75,000 (Fibonacci 0.236 retracement level). Bollinger Band upper track ($74k) and MACD golden cross confirm short-term momentum, but $75k-$76k remains a historically resistant level for multiple bounces in 2026. If it holds, targets are $85,000-$93,000; if breached downward, support lies at $70,000-$72,000.

## Market Sentiment: Still in "Extreme Fear," Not Fundamentally Reversed

- **Current State**: Fear & Greed Index at 23 (0-25 = extreme fear). Investors worry about "false breakouts" and pullbacks (like the $74k surge in early March followed by decline), Federal Reserve high rates (rate cuts delayed to September), and Middle East geopolitical risks.
- **Divergence**: Price rising but sentiment cold, reflecting market hesitation over "trend confirmation"—breaking above $76k is needed to reverse bearish expectations.

## Short-term vs. Long-term: Caution Contains Opportunity

- **Short-term (1-2 weeks)**: Monitor $75k-$76k resistance closely; if stalling or falling, support is at $70,000-$72,000; avoid FOMO buying to prevent profit-taking losses.
- **Long-term (1-3 months)**: Sustained enterprise buying (MicroStrategy planning an additional $580 million increase) + technical breakthrough "trend confirmation" may shift sentiment from fear to neutral, supporting long-term allocation logic.

$BTC $BTC #比特币突破7.5万美元
BTC0.24%
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