【Black Golden (BG) 0418 Daily Report】
The struggle between bulls and bears intensified as BTC broke through the psychological barrier of 60000 but quickly rebounded. Macroscopically, the news is mostly negative, with the halving just two days away. Holding firm is the best strategy; in the crypto world, a day feels like a year.
Global BTC 10:00 (GMT+8)
(AI Black)
Futures long-short ratio: 31%:69% (Bears overwhelmingly dominate.)
Spot buying-selling ratio: 42%:58% (Outflows aren't substantial.)
BTC: HODL steady. Not about faith, it's about following the trend. Especially when making investment decisions.
ETH: ETH remains strong, indicating an end to the outflow trend, particularly in ALT coins represented by ETH. The market is poised for a period of stability. Consider adding to positions in some huge decline coins like SOL, TIA, ORDI, SATS, etc.
Both the stock and crypto markets have been experiencing consecutive pullbacks. Whether due to negative macro factors or the shadow of the Middle East conflict, the reactions seem exaggerated, signaling an impending retaliatory rebound.