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

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

Key Drivers: Enterprise Buying + Technical Breakthrough

- Enterprise buying signal: MicroStrategy, as the world's largest corporate BTC holder (cumulative 780,000 BTC), increased holdings at an average price of $70,900/BTC through its ATM equity financing plan, signaling "long-term hodling" confidence.
- Technical setup: Daily chart shows an ascending channel; after breaking through $70,000-$73,000, it's testing $75,000 (Fibonacci 0.236 retracement level), with Bollinger Band upper rail ($74,000) and MACD golden cross confirming short-term momentum. However, $75k-$76k represents a multi-time rejection level in 2026; holding here targets $85,000-$93,000, while a breakdown threatens $70,000-$72,000 support.

Market Sentiment: Still in "Extreme Fear," No Fundamental Reversal

- Current state: Fear & Greed Index at 23 (0-25 = extreme fear), with investors worried about "false breakout" pullbacks (like early March surge to $74,000 followed by decline), Fed high rates (rate cuts delayed to September), and Middle East geopolitical risks.
- Divergence: Price rising but sentiment cold, reflecting market hesitation on "trend confirmation"—a breakthrough above $76k is needed to reverse bearish expectations.

Short-Term vs Long-Term: Caution With Opportunity

- Short-term (1-2 weeks): Watch the $75k-$76k resistance closely; if stalling or pulling back, support lies at $70,000-$72,000; avoid chasing rallies and guard against profit-taking.
- Long-term (1-3 months): Sustained enterprise buying (MicroStrategy plans additional $580 million accumulation) + post-breakthrough "trend confirmation" may shift sentiment from fear to neutral, supporting long-term positioning logic.

$BTC ‌$BTC ‌#比特币突破7.5万美元