#Bitcoin Despite this week's outflows and correction, the current trend isn't actually bearish. It remains above the 4-hour trend line, so it isn't weak.
Of course, since the data isn't cooperating, we shouldn't be too optimistic about short-term price action. Going long in the short term still carries considerable risk, so caution is warranted.
Also, if we see continued outflows from the crypto market and ETFs while the price makes a small-scale rebound, this divergence should make us especially wary of a bull trap.
As for the trend, I remain optimistic about what lies ahead. Based on the current price action, once this pullback stabilizes, it could offer an excellent opportunity to get in.
Looking at the market again, if outflows continue and prices keep correcting, watch over the next 2–3 weeks to see whether the area around 68,000–70,000 can mark a turning point in the pullback. In addition to price action, watch whether outflows stop or turn into sustained inflows; these are all indicators to consider.
If macro conditions improve, Treasury yields stop rising and stabilize, and #BTC finds its footing, we may be approaching a turning point for this phase. The next rally could be the true starting point of a new trend. Of course, this depends on prices returning to around 68,000 and buyers who entered between February and April this year holding on instead of continuing to sell!#以太坊ETF连续9日净流出
Of course, since the data isn't cooperating, we shouldn't be too optimistic about short-term price action. Going long in the short term still carries considerable risk, so caution is warranted.
Also, if we see continued outflows from the crypto market and ETFs while the price makes a small-scale rebound, this divergence should make us especially wary of a bull trap.
As for the trend, I remain optimistic about what lies ahead. Based on the current price action, once this pullback stabilizes, it could offer an excellent opportunity to get in.
Looking at the market again, if outflows continue and prices keep correcting, watch over the next 2–3 weeks to see whether the area around 68,000–70,000 can mark a turning point in the pullback. In addition to price action, watch whether outflows stop or turn into sustained inflows; these are all indicators to consider.
If macro conditions improve, Treasury yields stop rising and stabilize, and #BTC finds its footing, we may be approaching a turning point for this phase. The next rally could be the true starting point of a new trend. Of course, this depends on prices returning to around 68,000 and buyers who entered between February and April this year holding on instead of continuing to sell!#以太坊ETF连续9日净流出