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📉 Bitcoin falls to new weekly low on consumer sentiment drop and rising inflation. Negative ETF flows add pressure ahead of inflation report. Buy liquidity weak at $60K, bids at $58K. Heat map hints at $52K drop. Elliot Wave suggests potential bottom. Better buying next week? #etfflows #ElliottWaveTheory

📉 Bitcoin falls to new weekly low on consumer sentiment drop and rising inflation. Negative ETF flows add pressure ahead of inflation report. Buy liquidity weak at $60K, bids at $58K. Heat map hints at $52K drop. Elliot Wave suggests potential bottom. Better buying next week? #etfflows #ElliottWaveTheory

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📈 Bitcoin rebounds on US labor market data. ETF flows negative. $66K potential trap zone. Short-term NUPL negative, indicating fear. Vanguard Red on daily, Long Vs Short favors Longs. Waiting for bullish signs for signals. Stay tuned for updates. 📈💡 #NUPL #bitcoinupdate2024
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📉 Bitcoin retreats on negative ETF flows & Fed's low-rate stance for inflation. Testing lower before upward move. $60-61K crucial; potential turning point. Inverted head and shoulders pattern emerging. Biyond Vanguard signals caution. Long Vs Short ratio favors Longs. Hoping $60K holds for quick recovery to $67K, eyeing $90K ATH. 📉💡#etfflows #CryptoAnalysisUpdate
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📉 #Bitcoin❗️ faces slight negative bias after failing to surpass $65,000, dropping post-#Robinhood Crypto's SEC notice. Closure of #CMEGap occurred amid SEC's lawsuit uncertainty. Bulls find solace in setting new highs post-April. $63K test crucial; reversal could form textbook pattern targeting $73K. Swissblock's BFI suggests market bottom; Biyond's Long Vs Short ratio hints at short-term downturn. $60K pivotal for potential final dip. 📉💰
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#BiyondDaily - Looking Bullish ⤵️ 1️⃣Bitcoin rises following a worse-than-expected U.S. jobs report, increasing the likelihood of a rate cut. 2️⃣Market sentiment and Bitcoin prices are influenced by movements in the bond market, particularly the dip in the 10-year bond. 3️⃣The SEC announces a delay in its decision on the proposed 7RCC Spot Bitcoin and Carbon Credit Futures ETF until June 2024. 4️⃣Considering the recent developments, it may be a good time to consider buying Bitcoin, possibly on a retest of the $60,000 area next week. 5️⃣The $59,000 to $58,000 region is crucial; if it holds after an initial test and breach, it could indicate a bottom. 6️⃣A large negative bias and short trap could be building based on the Long Vs Short ratio. 7️⃣A daily candle consistently closing below $58,000 could invalidate the bullish scenario, while surpassing $65,000 could pave the way for a move towards $100,000. #marketanalysis #ETF✅ #tradingStrategy #carboncredits
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#BiyondDaily ⤵️ 1️⃣Bitcoin is in recovery mode ahead of key U.S. NFP jobs and ISM manufacturing reports, along with an options expiration event. 2️⃣Spot ETFs on Wall Street saw outflows, but the Hong Kong Bitcoin ETF experienced significant net inflows. 3️⃣Bill Gross predicts a return to five percent in the 10-year bond market, potentially impacting crypto in the short term. 4️⃣Arthur Hayes believes Bitcoin's bottom is in, anticipating a slow grind higher, emphasizing the importance of the $59,000 to $58,000 price zone. 5️⃣The Long Vs Short ratio has dropped to 2:1, indicating traders are still overly long, possibly leading to liquidations on recovery. 6️⃣The 90-day MVRV ratio is about -8 percent, historically hitting -20 to -25 percent during significant pullbacks. 7️⃣Signal entries may be raised if $58,000 holds, with a potential target of $120,000. #Bitcoin❗️ #ETFs✅ #ArthurHayes #MVRV
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