Bitcoin price is closely related to two key factors

1️⃣ Bitcoin price is currently strongly affected by two factors: one is the flow of funds in ETFs, and the other is the trend of US stocks.

The figure below shows that Bitcoin spot ETF had a net inflow of US$108 million yesterday, which is the ninth consecutive day of net inflow, and the capital inflow continues. Once the capital inflow is weak, it may cause market volatility or decline.

2️⃣ Ethereum ETF dynamics: At present, the 19b-4 document of Ethereum spot ETF has been passed, and funds are expected to be concentrated on Ethereum. Ethereum may usher in large fluctuations and appear to be stronger for the time being, while Bitcoin is relatively weak.

Trading suggestions

For spot investors, it is recommended to buy on dips. According to the principle of symmetry, the first expected decline range is between 64,500 and 66,000. In terms of altcoins, a small amount of AI-related projects can be deployed at present, and most of the funds are still wandering in MEME coins, and PEPE is not considered for shipment for the time being.