The $BTC weekly bullish surge has already proven that the bulls are back!
This week BTC’s high was 81,500, and the weekly chart left a long upper wick, which indicates that the selling pressure above 80,000 isn’t light.
And for the short term, there’s only one biggest problem: it’s been rising too fast!
The KDJ J value is close to 99—at this point, if it keeps pulling up, the risk/reward ratio isn’t as comfortable as before. A pullback would be healthier.
Next, I’m only watching:
If it can hold steady at 73,500—75,000, that would be a strong consolidation;
If it stabilizes at 70,000—72,000, that’s a comfortable mid-term entry zone;
If 70,000 is lost, then below we should look at 65,000—68,000.
Also, the ETFs!
In the past, the ETF had consecutive large inflows—this was a very important source of spot buying for this round of the rally. Yesterday, net outflows reappeared, which suggests institutions are already starting to disagree.
Plus the Nasdaq pulling back, the rise in the 2-year U.S. Treasury yield, and the dollar rebounding—BTC trying to break the previous high directly is not easy.
So I’ll just wait for it to hold above 85,000, and meanwhile, if the ETF re-enters a sustained inflow and rate expectations cool down, then there will be an opportunity in the 88,000—92,000 range.
The exact entry points will be posted in the chat room—if you want to catch it, just come along!
#纽约白银期货跌3% #嘉信理财拟新增SOLAVAXLINK交易
This week BTC’s high was 81,500, and the weekly chart left a long upper wick, which indicates that the selling pressure above 80,000 isn’t light.
And for the short term, there’s only one biggest problem: it’s been rising too fast!
The KDJ J value is close to 99—at this point, if it keeps pulling up, the risk/reward ratio isn’t as comfortable as before. A pullback would be healthier.
Next, I’m only watching:
If it can hold steady at 73,500—75,000, that would be a strong consolidation;
If it stabilizes at 70,000—72,000, that’s a comfortable mid-term entry zone;
If 70,000 is lost, then below we should look at 65,000—68,000.
Also, the ETFs!
In the past, the ETF had consecutive large inflows—this was a very important source of spot buying for this round of the rally. Yesterday, net outflows reappeared, which suggests institutions are already starting to disagree.
Plus the Nasdaq pulling back, the rise in the 2-year U.S. Treasury yield, and the dollar rebounding—BTC trying to break the previous high directly is not easy.
So I’ll just wait for it to hold above 85,000, and meanwhile, if the ETF re-enters a sustained inflow and rate expectations cool down, then there will be an opportunity in the 88,000—92,000 range.
The exact entry points will be posted in the chat room—if you want to catch it, just come along!
#纽约白银期货跌3% #嘉信理财拟新增SOLAVAXLINK交易
