$BTC The rise of the market mainly comes from the fact that MicroStrategy bought 1.11 billion US dollars of Bitcoin in the past month, + ETF also had a net inflow of 260 million US dollars yesterday + plus the probability of interest rate cuts in September has risen to 41%. Recently, the inflow of US ETF funds is positively correlated with the trend of Bitcoin. Net inflows are bullish and net outflows are bearish. The rise in the past few days is also hyping the expectation of interest rate cuts. There are still 4 days before the expectation of interest rate cuts. In the past few days, only the band is done, not the pattern, to prevent the positive effect of interest rate cuts from being realized. Technically, it is best not to pull back the starting point of the rise at 58,500. At present, only strong support orders can be placed. The liquidity is still not good. Buying directly at the current price has a bad profit and loss ratio and is easy to lose money.
Pending order strategy:
$BTC 58508, 57676 long, position 5.5, loss 57230, target 60250
$ETH 2378.29 2336.4 long, position 5.5, stop loss 2314.5, target 2443
