April is about to end. Where is the strong support this time?
Yesterday, the Bitcoin spot ETF had a net outflow of 121 million US dollars, of which GBTC had a net outflow of 130.4 million US dollars, and the inflow of IBIT was 0. Grayscale has always been in a state of outflow. Now institutions are waiting for Grayscale to distribute. This is a good thing. The market will be healthier after sufficient turnover.
Bitcoin did not stand firm near 66,500 and began to fall at 20:00 last night. The market interpreted it as Israel’s action against Rafa, so it fell in response. In fact, it is not entirely true. The real reason is that Bitcoin is still in a weak adjustment. It has been said in previous analysis that it will adjust repeatedly and will repeatedly test the bottom support many times.
At the 4-hour level, re-verify the strong support position near the bottom of 60,000. In the short term, it is mainly to verify the support and fluctuate weakly. How will it trend today?
