Hello, everyone:

Market analysis:
Yesterday, the amount of cash withdrawal from spot BTC ETF has reached a new high in the past two months, which also shows the influence of Powell's statement that the US central bank does not hold BTC on the recent market. Although it caused a certain panic and the dealer liquidated some high-leverage longs, it did not fall below the key support level. The intraday retracement depth just reached the 78.6% value of the Fibonacci retracement line, which is around 95,500. The four-hour structure is weak and has an obvious downward channel, but it received the bottom support shadow line. It still consolidated in a volatile way during the day, with the bottom support around 95,500-94,000-90,000.

Operation ideas:
In terms of operation, it is still enough to keep buying on dips. There are certain opportunities for both long and short positions. You can control the profit exit space in the short term.
#BTC