Advisor's Market Analysis: (Issue 151)
Yesterday's Review: The liquidation chart has consistently shown upward liquidation. Last night I mentioned that the drop to 100500 the day before felt like a crash, the purpose being to lure you into shorting. In a bull market, shorting is one of the important factors for rising. From the liquidation chart, it appears that around 108000, short liquidity will run out.
Yesterday's drop was indeed similar to the wave at 100500 in the middle of the night, with prices falling to around 103200, a drop of 3000 dollars or 3%, but the pressure of the decline felt particularly strong, again giving a sense of impending collapse. Did you cut losses? Did you directly chase shorts?
Last night I also posted that the market was too suppressed, waiting for the US military to step in for a rebound.
In the end, I didn't expect that man again: Microstrategy directly played a big card, buying 1.5 billion dollars' worth of Bitcoin, and the market began to reverse, reaching 107777 this morning, making shorts feel like dogs.
Recently, I often mention that this market is a chaotic era, and the probability of being wiped out is very high. There isn’t much left for the bears above, and once the bears finish cleaning up, the bulls need to be cautious.
I didn't let you open shorts to clean up the bulls; the market changes at any time. Prices rise slowly but drop overnight. You can't grasp this; it's better to wait for a crash to go long, as the success rate is higher than shorting. No one can guarantee that this wave won't go straight up.
Bitcoin Market: As prices continue to rise, the bottom price is also increasing. Previously, 99000 was a defensive support level, and breaking through the previous high pressure level has turned into a support level. Now, 103500 has become the support for the bulls. Will this wave reach above 110000, making a sky-high leap? Anything is possible.
Bitcoin ETF: Yesterday's net inflow was 636 million dollars, with BlackRock's net inflow at 418 million dollars.
BlackRock continues its strategic reserve without regard to price, just buy, buy, buy.
There haven't been any sell-offs for ETFs.
Ethereum ETF: It's already 12:30, and BlackRock's data still hasn't come out.
Citing BlackRock executives: The demand for Ethereum ETFs is only showing the "tip of the iceberg"; BlackRock remains focused on bringing new clients to these ETFs.
Ethereum prices are still at a low level, with more appreciation potential to come.