Bitcoin market sentiment is warming, with key indicators turning positive for the first time since October

The Bitcoin marketplace shows positive signals, with multiple key indicators indicating an important shift in market sentiment. Analyst Axel Adler pointed out that the Bitcoin Bull-Bear Structure Index has risen above zero for the first time since October 12, suggesting that market momentum is beginning to tilt toward buyers. At the same time, the Bitcoin Unified Sentiment Index has also turned positive, reflecting a significant improvement in investor psychology.

Currently, Bitcoin is trading around $112,500, showing some resilience after consolidating over the past two weeks. From a technical perspective, Bitcoin has successfully regained the 200-day moving average and found relative support near the 100-day moving average, a pattern that typically indicates the price is stabilizing before continuing upward. Analysts believe that $117,500 remains a key resistance level; if this can be effectively broken, it could open the way toward the $120,000 - $125,000 range.

Meanwhile, market attention is focused on the Federal Reserve's upcoming interest rate decision tonight. Analysts think that a dovish stance could inject new vitality into risk assets like Bitcoin, while a neutral or hawkish tone might prolong the current consolidation phase. From a macro environment perspective, stablecoin liquidity is approaching cycle highs, and on-chain trade activity is stabilizing, all of which support the potential for Bitcoin to rise.

Although the market remains cautious, the consistency between sentiment indicators and on-chain dynamics usually signals a recovery in market confidence. As long as Bitcoin’s price stays above the 200-day moving average, the market structure remains healthy. If BTC can hold above $115,000 this week, it may indicate that the accumulation phase is nearing its end, and a new upward rally could be underway.

At this critical juncture, the Federal Reserve's policy statements will be a key catalyst in determining whether Bitcoin can break out of its consolidation pattern. Meanwhile, the market is also waiting for clear directional signals to decide whether to transition from the current range into a new expansion phase or to continue oscillating.

#牛熊结构指数 # Federal Reserve Interest Rate Decision