During the weekend, there was no data update for ETF$BTC . The market was originally showing a net outflow of funds, but on Friday there was a large net inflow. This large net inflow is unsustainable, so it can be foreseen that the amount of funds will inevitably decrease next week.

In terms of funding rates, except for Binance, all others are positive, which shows that the overall market sentiment is biased towards bulls.

The holding volume reached 34.7 billion, which is quite high and makes me feel a certain risk.

$BTC Now let's focus on the candlestick chart of Bitcoin. I have been emphasizing recently that there must be no panic buying (FoMo) mentality at this position.

If $63,500 is a false breakout and confirms the downward trend of shocks, then you may face the risk of being trapped at the top of the mountain. The highs are gradually decreasing, which means that lower lows may appear next. At present, it seems that the market is at risk of turning downward.

$BTC Short above $63,000, the stop loss range does not need to be too large. From the perspective of profit and loss ratio, this is very cost-effective. If the market does break through and stabilize, it is not too late to open a long position and enter the market when the price falls back.