On-chain data reveals that the selling pressure of BTC is gradually decreasing, while the selling pressure of ETH remains stable, and the power of buyers and sellers has temporarily reached a balance. At the same time, the inflow of funds into ETFs has also shown a stable trend. The overall market is still fluctuating near the high point.
As far as BTC is concerned, the strength of bulls and bears is equal, forming a stalemate. ETH seems to be accumulating strength in the near future and preparing to launch a round of upward offensive. Therefore, from the end of this month to the beginning of next month, the overall market outlook remains optimistic.
Observing the contract positions of BTC and ETH, it is found that they remain stable, and there is no significant change in lending rates and funding rates.
In the short term, the support point of the market is around 65636, while the pressure point is at 67122. In the medium term, the support level rises to 63728, and the pressure level rises to 68691.
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