#3friends Daily Report NO.106, pay attention to ETF and other data dynamics in time to understand market trends.
1. BTC spot ETF. On July 8, the total net inflow of Bitcoin spot ETF was US$294.9 million. . At present, the total net asset value of Bitcoin spot ETF is US$49.32 billion, and its market value accounts for 4.45% of the total market value of Bitcoin. The historical cumulative net inflow is US$15.06 billion
2. Sentiment index, FGI, 27, panic; Shanzhai quarterly index, 29, continue to pay attention to Shanzhai; BTC-ahr0.78, suitable for fixed investment.
3. The total TVL on the chain is $84.93B, up 3.1% in 24 hours
4.
Looking back at yesterday's BTC market, the daily line closed with a positive line, with an amplitude of about 2.3% between the upper and lower shadows, and the long and short forces were equal, with the lowest price of 54260 and the highest price of 58236, with an amplitude of 7.12%.
Yesterday, BTC continued to oscillate between 53639-58887 in the daily cycle. In the hourly cycle, the 6H/4H shorts continued to be weak, and the highest price rebounded near the 6H short moving average of 58110. The 1H longs continued. In terms of space, the price touched the 1H long-short dividing line (57400) many times. Overall, it is still a oscillating adjustment after the decline, and a wave of longs is brewing in the short term.
BTC market situation in various time periods:
1W, longs weakened, and the current longs weakened for the fourth week. The longs gradually weakened, and there is a possibility of forming a weekly selling point again. The most important rebound position is 59000-62200. In terms of operation, at this point, be cautious about chasing longs and sell appropriately.
1D, shorts strengthened, long-short dividing line (in space): 62765, long-short dividing line continues to move down
12H, shorts strengthened, shorts continued, effectively fell below 55100, continue to be bearish, otherwise continue to oscillate. Oscillation range 55100-59714
6H, shorts weakened, rebound target can be seen at 61666
4H, shorts weakened, rebound target can be seen at 60304
1H, bulls strengthened, forming an obvious buying point
On the whole, in the current market, shorts in small cycles are constantly weakening, bulls in hourly cycles are obvious; shorts in large cycles are normal; short-term operations are suitable for long orders, and medium- and long-term (within 3 months) continue to be short.
Intraday direction: long, bullish
Intraday pressure level: 59518, 60304
Intraday support level: 57294, 56950
The interpretation of the daily report is only for sharing and communication, and does not constitute any investment advice
