1. BTC spot ETF. On May 30, BTC ETF had a net inflow of 48.71 million USD
2. Sentiment index, FGI, 73
3. The total TVL on the chain was 106.28B, down 0.16% in 24 hours
4.
The market is back. From the weekly perspective,
Weekly bullish market: It started on November 20, 2023 and has weakened on April 29, 2024. It lasted 27 cycles and 189 days, with the highest increase of 92%. Currently, the weekly line is in a bullish state.
The daily line is in a bullish market.
①October 23, 2023~January 24, 2024, lasted 92 cycles, 92 days, and the highest increase was 65%
②February 14, 2024~April 24, 2024, lasted 70 cycles, 70 days, and the highest increase was 50%
The daily line cycle bull market has two increases, and the time cycle is also decreasing;
The daily line is currently in a bearish state, adjusting, and the short-term is still a daily line cycle oscillation (short), even if a daily bull market is formed, it may still be relatively weak.
Current BTC market:
1D cycle, bears continue to weaken, 12H, bulls change in strength, 6H, bulls weaken, and a selling point has appeared (spot selling), 4H, bears strengthen, and there is a high probability that a clear bear signal will be confirmed within the day. Judging from the market, the buying point is around 61911-59200
Intraday direction: short direction
Intraday pressure level: 68510, 68799
Intraday support level: 67441, 66053
The daily interpretation content is only for sharing and communication, and does not constitute any investment advice
