#比特币 Yesterday, the net outflow amount of the spot BTC ETF reached a new high in nearly two weeks, with a net outflow amount of $435 million, marking the highest single-day net outflow amount since January 1.
Today, the lowest price of Bitcoin reached around $92,600. From the chart, it can be seen that since the continuous rise of Bitcoin on November 5, yesterday's daily close was the first time it fell below the daily 5 and 10 MA moving averages. The short-term trend shows a bearish outlook. From the indicators, it can be seen that the daily candlestick formed a high-point dead cross with MACD and several other indicators at a peak of 98,908. The short-term market is showing a downward adjustment trend.
However, from this round of increases, yesterday's Bitcoin price low just touched the 0.809 level of the upward phase. If today’s closing price stabilizes above $93,454, the daily level is expected to quickly recover yesterday's decline. If the daily price does not stabilize at the 0.809 support level in the next couple of days, the next phase of Bitcoin will likely test the support area near $87,321. Therefore, whether Bitcoin can break the $100,000 mark in the short term will depend on the closing conditions of the daily level over the next couple of days.
Let’s take a look at Ethereum. The one that has been hit hardest in this bull market is Ethereum. Bitcoin has already broken new highs, and SOL has also surpassed its previous high, yet Ethereum hasn’t even gone past $4,000. However, in recent days, Ethereum's performance has been stronger than Bitcoin's. From the chart, it can be seen that although Bitcoin had a bearish daily candlestick yesterday, Ethereum did not show a significant pullback. Looking at the daily level, Ethereum's highest price yesterday was just a few dollars short of breaking the previous daily high of $3,562. The chart also shows that this is the second time Ethereum has attempted to hit the $3,562 high after a previous decline, with each attempt resulting in a higher price. The short-term low of $3,032.6 is a strong bullish indication that confirms Ethereum's upward trend. If Ethereum can break through $3,562 and stabilize, the next target will directly aim for $4,000.
Many friends have added some spot positions in the past few days. With today's drop, it feels like buying at the peak again, but there's really no need to rush. It’s impossible to come in and expect to make a lot of money right away. In fact, bull markets are much easier than bear markets; as long as you make friends with trends and time, you have already outperformed 90% of investors in the market.
That's all for today, feel free to leave questions in the comments~