#BTC whale selling pressure is easing, and ETF funds have posted net inflows for three consecutive weeks. However, the improving risk appetite has not carried over to SNDK, which fell 2.2% over the past 24 hours against the trend. I believe it remains in a short-term downtrend, with insufficient momentum for a rebound. The current price is 1672, down 11.91% from the 4-hour high, while the 1-hour low of 1664.2 is at risk. Trading volume is light at 281,000, but the bid-to-ask ratio across the top 10 order-book levels is 2.38, with 295 in buy orders versus 124 in sell orders, signaling strong willingness to buy at lower levels. The funding rate is positive at a 0.0285% premium, and open interest is 62,000; longs have not retreated significantly, while sentiment remains cautious. If 1664.2 fails, the next level to watch is 1641.5; if the price stabilizes, it could rebound to 1698.6. Consider a small long position at 1668.3, with a stop-loss at 1649.7 and a target of 1697.2. If the price breaks below 1664.2, reverse to a short position, with a stop-loss at 1682.5 and a target of 1638.4. Keep the position size below 10% and exit immediately on a breakdown.

——This is only a personal opinion and does not constitute investment advice. Wishing you successful trading.——

$SNDK#BTC whale selling pressure eases, with ETF funds recording net inflows for three consecutive weeks