$BTC Bitcoin ETFs saw net outflows of $244 million in a single day ๐ฅ
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๐ข $BTC Bitcoin ETFs saw net outflows of $244 million in a single day; short-term outlook is bearish
โ ๏ธ Technical analysis: BTC is currently at 82691. The daily EMAs remain bearishly aligned, with resistance on a rebound around 87385 and support below at 80095. The 4-hour volume ratio is only 0.38, indicating a significant drop in volume; rebounds lacking volume are unlikely to last. On the 1-hour chart, the short-term moving averages have just formed a bullish alignment and are spreading upward. The K line has crossed above the D line on the KDJ indicator and has not yet entered overbought territory, suggesting a possible short-term push higher. However, the daily MACD histogram is still showing green bars, so the overall bearish trend has not reversed, and any sharp rise could easily give way to a pullback.
๐ข Market update: Bitcoin ETFs saw net outflows of $244 million in a single day, as funds continue to exit. Meanwhile, a wallet linked to the 2016 Bitfinex hack transferred 12267 BTC (about $1.01 billion) to a new address, raising concerns about selling pressure and keeping sentiment cautious.
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๐ Follow for first-hand updates on market moves ๐
#ๆๆฏๅๆ #Bitcoin ETFs saw net outflows of $244 million in a single day #BTC
๐ When trading, pay attention to whether the candlestick pattern confirms
โโโโโโโโโโโโโโโโโโโโ
๐ข $BTC Bitcoin ETFs saw net outflows of $244 million in a single day; short-term outlook is bearish
โ ๏ธ Technical analysis: BTC is currently at 82691. The daily EMAs remain bearishly aligned, with resistance on a rebound around 87385 and support below at 80095. The 4-hour volume ratio is only 0.38, indicating a significant drop in volume; rebounds lacking volume are unlikely to last. On the 1-hour chart, the short-term moving averages have just formed a bullish alignment and are spreading upward. The K line has crossed above the D line on the KDJ indicator and has not yet entered overbought territory, suggesting a possible short-term push higher. However, the daily MACD histogram is still showing green bars, so the overall bearish trend has not reversed, and any sharp rise could easily give way to a pullback.
๐ข Market update: Bitcoin ETFs saw net outflows of $244 million in a single day, as funds continue to exit. Meanwhile, a wallet linked to the 2016 Bitfinex hack transferred 12267 BTC (about $1.01 billion) to a new address, raising concerns about selling pressure and keeping sentiment cautious.
โโโโโโโโโโโโโโโโโโโโ
๐ Follow for first-hand updates on market moves ๐
#ๆๆฏๅๆ #Bitcoin ETFs saw net outflows of $244 million in a single day #BTC
๐ When trading, pay attention to whether the candlestick pattern confirms