#BTC Main Rhythm Update
Fundamentals: BTC spot ETF fund flows have continued to increase, and institutional risk appetite has been recovering.
In terms of structure, BTC has broken through a descending channel, and the larger-scale 3rd wave uptrend has officially started; internally, we expect it to advance via smaller 5-wave segments.
For trading, watch the key resistance level at 70K. A breakout will open up room for the next leg higher. Around 70K, consider taking profit in batches. If there is a pullback to 64.2K and it stabilizes, then consider going long again—trade in line with the trend.
Fundamentals: BTC spot ETF fund flows have continued to increase, and institutional risk appetite has been recovering.
In terms of structure, BTC has broken through a descending channel, and the larger-scale 3rd wave uptrend has officially started; internally, we expect it to advance via smaller 5-wave segments.
For trading, watch the key resistance level at 70K. A breakout will open up room for the next leg higher. Around 70K, consider taking profit in batches. If there is a pullback to 64.2K and it stabilizes, then consider going long again—trade in line with the trend.