1. Fundamental analysis:
ETFS net inflow is -110 million US dollars, and the number of investors who are waiting and unwilling to enter the market is increasing. Although there is an expectation that the Hong Kong BTC spot ETF may be approved, I don’t think this will have a positive driving effect on the short-term trend.
2. Technical trend analysis:
1. On the daily chart, Bitcoin encountered pressure and began to retreat after rebounding from the 30-day moving average of 66K, the lifeline. Yesterday, it tested the 60-day decision line again. From the trend, the 60-day moving average of 63.4K is likely to break.
2. Yesterday, the students emphasized in the live broadcast that if 64K is broken, the next target will test 60.6K, which is also the last defensive position of the bulls. They reminded that if the position is heavy, you can reduce the position again. I wonder if you have executed it?
3. Opportunities and risks: If the second test of 60.6K is followed by an oversold rebound opportunity, short-term traders can bet on the rebound here, and if it breaks, they must strictly leave the market.