On Wednesday, August 26, the day after Big Cake surged to a new high, broke above and then encountered selling pressure at the start of the European session, pulling back. During the day it consolidated around the 79,000 level.
U.S. spot ETF inflows have been net positive for several days. Institutional buying has stepped in, and short liquidations have helped drive the rise. However, daily indicators are overbought and market sentiment is greedy. At higher levels, profit-taking sell pressure has intensified, increasing disagreement in the market and weakening one-direction momentum.
The bigger trend remains biased bullish. In the short term, it’s not advisable to chase the rally; more prudent would be to wait for a pullback, then look for low entries after key support stabilizes.$BTC #美国加密股指数涨5.04%
U.S. spot ETF inflows have been net positive for several days. Institutional buying has stepped in, and short liquidations have helped drive the rise. However, daily indicators are overbought and market sentiment is greedy. At higher levels, profit-taking sell pressure has intensified, increasing disagreement in the market and weakening one-direction momentum.
The bigger trend remains biased bullish. In the short term, it’s not advisable to chase the rally; more prudent would be to wait for a pullback, then look for low entries after key support stabilizes.$BTC #美国加密股指数涨5.04%
