Military Advisor's Market Analysis: (Issue 91)
Let's take a look at the liquidation chart. Yesterday, it was sideways around 62,000 for a whole day without any changes! !
The futures market on OKX was seriously overvalued yesterday. The main players of OKX and CIONBASE were playing games. The current market has reached a critical position!
Now I am waiting for everyone to place bets. I will maintain my view and clear upwards! !
We will see how the market moves as we go along! !
Let's take a look at the Bitcoin ETF. A large net inflow of 234 million began on Monday
Yesterday, there was a small net outflow. I saw that Grayscale sold 151. Fidelity sold 784.
Others did not buy or sell. I personally think that ETF is waiting for the CPI data on October 10 to give a direction. CPI determines the interest rate cut in November.
The funding rate has not changed much, and the market has not fluctuated too much.
The holding volume is 33.2 billion US dollars, which is the same as yesterday.
Finally, let's take a look at the key BTC trend:
You can see the chart of Bitcoin, which is currently in a very critical position.
The support level of the 4-hour rising trend line is still something, and it fell from 66,000.
59,800 once, 61,800 once, compared with the previous market, it is very good.
The first time 59,800 supported, and the second time 61,800 is still trying.
If it can't break here, there will be no obstacles to looking up to the previous high.
So everyone pays attention to this trend line. In the eyes of the military advisor, this is the turning point between long and short. If the support is broken, the military advisor will turn short! !
At present, the military advisor is still a die-hard bull! !
