6-day market analysis

Research product: BTC

Resistance: 64700, 67000

Support: 62500, 61500

Trend: The big trend is a flag-shaped decline, and the short-term trend is bullish and rising.

Market analysis: At the beginning of last week, the big cake continued to weaken and fell rapidly, reaching a minimum of 56500. The fundamental reason is that there was a continuous net outflow of funds from multiple big cake ETFs in the previous period. Later, the on-chain data showed that there has been a large net inflow of funds since May 3, and the BTC price has also started a strong rebound, with a maximum of around 64700. The overall market over the weekend also basically maintained a narrow range of 62500-64500. At present, the price is still running within the center. Pay attention to the upper edge of the center at 64700 during the day. The author is optimistic about the probability of a breakthrough later.