#BTC market trend analysis: Rumor has it that the market will fall below 62,000 this time?

1. Today, Good Friday, U.S. stocks and ETFs will be closed for a day, and market liquidity will become worse. Overall, it will continue to hover within the box (pictured)

2. The news in the evening has not yet landed. 68500 is a key support point. If it does not break, you can cover your position in the 68500 area.

3.#BTCyesterday’s data analysis:

aFocus on the core: Overall retail investor interest has declined in recent days. The holdings of addresses holding between 0.001 and 0.1 BTC have declined over the past few days. On the contrary, the holding addresses of 0.1-0.5 of petty bourgeoisie players have steadily increased. Retail investors basically began to be washed away by this repeated pull of the market, while petty bourgeoisie users began to build a bottom. The stock of exchanges is still decreasing.

b Institutional data: ETF net inflow yesterday was approximately US$182.8 million. Among them, BlackRock IBIT had a net inflow of US$95.1 million, FBTC had a net inflow of US$68.1 million, and Grayscale GBTC had a net outflow of US$104.9 million. The attitude of institutions is still relatively good, with continued net inflows.

Summarize:
Recently, many bloggers have told everyone through technical drawings that BTC may reach around 62,000. Of course, technical analysis can provide some clues, but it is not omnipotent. The crypto market is affected by many factors, including technical level, news level, market sentiment, regulatory policies, institutional orientation, selling pressure, etc.

Therefore, we cannot only look at technical aspects. Our view remains unchanged and does not break the 68500 support, and we are still waiting for a new high.

PS: So we are looking forward to the arrival of new highs, but at the same time, we must also make plans to prevent the risk of pin insertion.
#BTC超话