#BTC
Institutions fight, retail investors suffer!
Yesterday, BlackRock bought 318 million USD of BTC ETF, while other institutions were all selling,
leading to a significant decrease in ETF inflows, with only a net inflow of 432, which is insufficient to support prices above 70,000. Additionally, currently at a high level facing pressure, the advance warning comes from the US stock market, which was negatively impacted by unemployment claims and PCE data, causing the US stock market to plunge directly at the opening, ultimately closing down 2.76%. Secondly, the Nikkei Index also plunged at 8 AM this morning, affecting the further decline of the crypto market. Thus, the crash occurred. The market dropped nearly 4000 points, reaching the 4-hour support level, with 90,000 liquidations within 24 hours.
Currently, the small-scale rebound is not strong, indicating that the bottom has not yet emerged. Next, pay attention to the 68,850 position; if an opportunity arises, small stop-loss attempts at high sell and low buy can be made.
The short-term bearish trend has not yet reversed; the 68,850 support is very critical!!!
If you want to seize this bull market, learning and selling on the spot will definitely be too late; it's best if someone can guide you for a quick start.
I am Jiu Ge, welcome to communicate!
