BTC's ETF funds are turning to inflows, and institutions are buying on dips.
It can be seen that in the previous mainstream declines, after the inflow of ETF funds, BTC ushered in a sharp rise. Last Friday, the negative news of US crypto law came to light, institutions began to enter the market in large numbers, and the mainstream rebounded in response.
On the other hand, miner capitulation rates hit a record low.
After the halving, miners have a hard time and their profits have been cut in half.
It can be seen that the previous few times when miners surrendered were the bottoming moments.
It is worth noting that the U.S. non-farm data released on Friday this week is expected to break the deadlock of volatility. Pay attention to the leverage of on-site positions to avoid being harvested by spikes.
BTC：
BTC: There are many large amounts of BTC transferred into the platform, which have a suppressive effect on BTC. BTC rebounded along the 5-day line. With the weakening of long volume, it needs to further test the high point. The upper $63,345 is the key point for insertion. If BTC breaks through $63,345 with large volume, it will enter a short squeeze and quickly rise and strengthen. Next, BTC will rise to test $63,345.
Resistance: 63345, 63898, 64567
Support levels: 62333, 61565, 60874
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ETH：
The large change in holdings indicates that a change is imminent. ETH is still in a volatile trend. The hourly line has entered a triangle convergence trend. The upper $3474 is the key point of the resistance line. ETH must stand firmly at $3474 to build a bottom and strengthen, and quickly rush higher. Next, ETH will rise to test $3474.
Resistance: 3474, 3513, 3564
Support levels: 3404, 3353, 3302
