Nasdaq rose 1.6%, but BTC is still stuck around 73K. ETF outflows have eased, yet the price still hasn't taken off.
The U.S. AI stocks rallied hard last night.
The Nasdaq rose 1.6%, CoreWeave surged nearly 25%, and chip stocks also rebounded noticeably.
But BTC still hasn't caught up.
It climbed to around 74,700, then turned back down.
A lot of people thought it was about to take off.
Who knew it would lose momentum and plunge again?
Calling it frustrating is putting it mildly.
I'm still holding my 73,600 long position and waiting.
SanDisk shot straight up. Kicking myself for closing my position too early.
Back to the charts:
I just checked the 4-hour chart. The price is around 73,750, still below the EMA20, and the RSI hasn't climbed back above 50.
One more detail: daily net outflows from U.S. spot BTC ETFs have fallen from over $400 million to $95 million.
There’s less selling, but the price still hasn’t risen significantly.
That makes me wonder: has selling pressure eased, while there still isn't enough buying demand willing to enter the market?
Next, I'll keep an eye on two things:
1. Whether the recent low around 72.7K gets tested again;
2. Whether BTC can reclaim 74,700–75,000 and stage a stronger rebound;
If ETF flows turn positive and the price starts gaining strength in tandem, I think it’ll be time to reassess.
$BTC
#BTC #比特币 #ETF #美股
The U.S. AI stocks rallied hard last night.
The Nasdaq rose 1.6%, CoreWeave surged nearly 25%, and chip stocks also rebounded noticeably.
But BTC still hasn't caught up.
It climbed to around 74,700, then turned back down.
A lot of people thought it was about to take off.
Who knew it would lose momentum and plunge again?
Calling it frustrating is putting it mildly.
I'm still holding my 73,600 long position and waiting.
SanDisk shot straight up. Kicking myself for closing my position too early.
Back to the charts:
I just checked the 4-hour chart. The price is around 73,750, still below the EMA20, and the RSI hasn't climbed back above 50.
One more detail: daily net outflows from U.S. spot BTC ETFs have fallen from over $400 million to $95 million.
There’s less selling, but the price still hasn’t risen significantly.
That makes me wonder: has selling pressure eased, while there still isn't enough buying demand willing to enter the market?
Next, I'll keep an eye on two things:
1. Whether the recent low around 72.7K gets tested again;
2. Whether BTC can reclaim 74,700–75,000 and stage a stronger rebound;
If ETF flows turn positive and the price starts gaining strength in tandem, I think it’ll be time to reassess.
$BTC
#BTC #比特币 #ETF #美股
