Market funds began to stir, and the election market will become the key! How long can this round of copycats last?
After falling below 59,000, Bitcoin quickly recovered above 60,000. So far, it has rebounded to around 62,000. From the perspective of trading volume, it is a relatively effective upward attack. From the perspective of daily K, it has also closed beautifully. The 2-day EMA (62,100) has been pulled back again, and the weekly EMA15 (61,860) has also stood up again. Technically speaking, the bulls have regained the upper hand!
Bitcoin began to move upward after receiving support from the lower edge of the 4-hour level. The short-term level is still testing the resistance level near 66,000 above the shock. If the market effectively breaks through this position, there will be a reversal!
Now the inflow of funds of Bitcoin ETF has a great impact on the rise and fall of the currency market. It can basically be regarded as the main behavior. Last night, the Bitcoin ETF reversed the decline of the past three days and strongly inflowed $253 million of funds. Moreover, this is the case of BlackRock hanging zero. Only Fidelity, Arkb and BITB have achieved this scale. This should be the main reason for the return of market confidence.
It is foreseeable that the market will definitely be very good over the weekend. If Trump's winning rate can continue to maintain its lead, and there are no unexpected events that affect the interest rate cut in the macro level, then more external funds may enter the market next week, so that the previously predicted election hedging market will become a pure buying market. It is possible that Bitcoin will have the hope of hitting the 70,000 point before the election. You can look forward to it.
If you want to grasp this round of bull market, it is definitely too late to learn and sell now.
It is best to have someone to take you to get started quickly.
I am Sister Hong, welcome to communicate
